Quotient Wealth Partners LLC Has $67.93 Million Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Quotient Wealth Partners LLC increased its position in Exxon Mobil Corporation by 1.3%, owning 630,138 shares valued at approximately $67.93 million, making it the 15th largest holding in their investment portfolio.
• Institutional investors and hedge funds own 61.80% of Exxon Mobil's stock, with several firms like Journey Strategic Wealth LLC and Hartford Funds Management Co LLC significantly increasing their holdings.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, providing an annualized dividend yield of 3.5%.

Quotient Wealth Partners LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 630,138 shares of the oil and gas company's stock after acquiring an additional 7,857 shares during the period. Exxon Mobil comprises 2.0% of Quotient Wealth Partners LLC's investment portfolio, making the stock its 15th biggest holding. Quotient Wealth Partners LLC's holdings in Exxon Mobil were worth $67,929,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Journey Strategic Wealth LLC raised its holdings in shares of Exxon Mobil by 6.7% in the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after acquiring an additional 1,379 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Exxon Mobil by 52.3% in the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock worth $45,149,000 after acquiring an additional 131,600 shares during the last quarter. Hartford Funds Management Co LLC raised its holdings in shares of Exxon Mobil by 51.8% in the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after acquiring an additional 2,617 shares during the last quarter. Phoenix Financial Ltd. raised its holdings in shares of Exxon Mobil by 23.9% in the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock worth $11,561,000 after acquiring an additional 18,752 shares during the last quarter. Finally, SteelPeak Wealth LLC raised its holdings in shares of Exxon Mobil by 24.2% in the 1st quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company's stock worth $4,605,000 after acquiring an additional 7,543 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XOM. Mizuho reduced their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 7th. Finally, Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $127.58.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Up 1.4%

Exxon Mobil stock opened at $112.20 on Monday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The firm has a 50 day moving average price of $111.83 and a 200-day moving average price of $109.16. The company has a market capitalization of $478.35 billion, a P/E ratio of 15.94, a P/E/G ratio of 2.01 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $57.55 billion during the quarter. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio is currently 56.25%.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

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