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

Quadcap Wealth Management LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 13.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,697 shares of the oil and gas company’s stock after buying an additional 2,565 shares during the period. Quadcap Wealth Management LLC’s holdings in Exxon Mobil were worth $2,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. West Oak Capital LLC raised its stake in Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company’s stock valued at $1,743,000 after purchasing an additional 92 shares in the last quarter. Beacon Capital Management LLC increased its position in Exxon Mobil by 1.1% during the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock valued at $923,000 after acquiring an additional 93 shares during the last quarter. Lincoln Capital LLC increased its position in Exxon Mobil by 1.1% during the fourth quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company’s stock valued at $917,000 after acquiring an additional 94 shares during the last quarter. Altus Wealth Group LLC increased its position in Exxon Mobil by 0.9% during the fourth quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock valued at $1,090,000 after acquiring an additional 94 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its position in Exxon Mobil by 11.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock valued at $99,000 after acquiring an additional 94 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $108.45 on Thursday. The company has a market cap of $467.38 billion, a P/E ratio of 13.83, a P/E/G ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a 50-day moving average of $109.07 and a two-hundred day moving average of $110.98. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the company posted $2.06 EPS. Exxon Mobil’s revenue was up .1% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 52.52%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. UBS Group decreased their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Piper Sandler reduced their price target on shares of Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average 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.