Quadcap Wealth Management LLC Acquires 2,565 Shares of Exxon Mobil Co. (NYSE:XOM)

Quadcap Wealth Management LLC lifted its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,697 shares of the oil and gas company's stock after purchasing an additional 2,565 shares during the quarter. Quadcap Wealth Management LLC's holdings in Exxon Mobil were worth $2,334,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. RMR Wealth Builders raised its stake in Exxon Mobil by 3.1% during the fourth quarter. RMR Wealth Builders now owns 32,042 shares of the oil and gas company's stock worth $3,447,000 after acquiring an additional 960 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Exxon Mobil during the fourth quarter worth $1,118,000. Grandview Asset Management LLC raised its stake in Exxon Mobil by 16.1% during the fourth quarter. Grandview Asset Management LLC now owns 8,305 shares of the oil and gas company's stock worth $893,000 after acquiring an additional 1,150 shares in the last quarter. Exeter Financial LLC raised its stake in Exxon Mobil by 2.6% during the fourth quarter. Exeter Financial LLC now owns 19,682 shares of the oil and gas company's stock worth $2,117,000 after acquiring an additional 494 shares in the last quarter. Finally, Cullen Investment Group LTD. raised its stake in Exxon Mobil by 4.0% during the fourth quarter. Cullen Investment Group LTD. now owns 57,646 shares of the oil and gas company's stock worth $6,201,000 after acquiring an additional 2,201 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.4%

XOM traded down $0.45 during midday trading on Friday, reaching $108.13. 14,040,466 shares of the company were exchanged, compared to its average volume of 15,556,607. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The stock has a market capitalization of $466.01 billion, a P/E ratio of 13.79, a PEG ratio of 3.02 and a beta of 0.51. The stock's 50-day simple moving average is $108.98 and its 200 day simple moving average is $110.85.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the business earned $2.06 earnings per share. The company's revenue was up .1% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 52.52%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley dropped their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Royal Bank of Canada lowered their target price on Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating for the company in a research note on Monday, May 5th. Piper Sandler lowered their target price on Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, UBS Group lowered their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

Exxon Mobil Company Profile

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.