ExxonMobil Corporation $XOM Stock Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC trimmed its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 13.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,145 shares of the oil and gas company’s stock after selling 16,721 shares during the quarter. Quadrant Capital Group LLC’s holdings in ExxonMobil were worth $18,130,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Aventus Investment Advisors Inc. acquired a new stake in shares of ExxonMobil in the 2nd quarter valued at about $27,000. Portus Wealth Advisors LLC bought a new position in shares of ExxonMobil during the first quarter worth about $36,000. Atlantic Private Wealth LLC grew its stake in ExxonMobil by 776.9% in the first quarter. Atlantic Private Wealth LLC now owns 228 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 202 shares in the last quarter. Financial Connections Group Inc. acquired a new position in ExxonMobil in the first quarter worth about $53,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in ExxonMobil by 53.1% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 326 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 113 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XOM has been the subject of several research analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $178.00 target price on shares of ExxonMobil in a research report on Tuesday. Citigroup reiterated a “neutral” rating and issued a $175.00 price target (up from $150.00) on shares of ExxonMobil in a report on Wednesday, July 8th. Finally, UBS Group reiterated a “buy” rating and issued a $199.00 price target on shares of ExxonMobil in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $167.70.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analyst upgrades and target increases: Zacks Research upgraded ExxonMobil from “hold” to “strong buy,” while Barclays raised its price target. These actions reinforce the bullish view and may support continued investor demand. Zacks upgrades ExxonMobil to strong buy Barclays raises ExxonMobil price target
• Positive Sentiment: Upstream growth potential: ExxonMobil’s low-cost Permian and Guyana assets could expand production through 2030. Higher crude prices and disciplined capital spending are improving project economics, while Guyana’s stronger-than-expected returns have accelerated investment recovery. ExxonMobil long-term upstream production capacity
• Positive Sentiment: Supportive oil market: Rising crude prices have helped lift ExxonMobil’s earnings outlook and share performance. The stock has substantially outperformed the broader market over the past year, benefiting from its integrated energy model and exposure to higher oil prices. Events that could move ExxonMobil stock
• Neutral Sentiment: Additional exploration catalyst: ExxonMobil is preparing to drill an exploration well in Trinidad after completing seismic work. A discovery could add future reserves, but the outcome and commercial viability remain uncertain. ExxonMobil Trinidad exploration well
• Negative Sentiment: Execution and valuation risks: ExxonMobil is trading near its recent high after a major advance, leaving the stock more sensitive to weaker oil prices or disappointing earnings. Its latest quarterly EPS modestly missed consensus, despite revenue exceeding estimates, making the upcoming earnings report an important near-term catalyst.

ExxonMobil Trading Up 0.2%

ExxonMobil stock opened at $178.14 on Thursday. The firm’s 50-day moving average is $164.95 and its 200-day moving average is $154.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.85 and a current ratio of 1.13. ExxonMobil Corporation has a 1 year low of $112.51 and a 1 year high of $180.26. The company has a market cap of $738.39 billion, a P/E ratio of 22.93, a PEG ratio of 1.04 and a beta of 0.21.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. During the same period last year, the firm posted $1.64 earnings per share. On average, equities analysts expect that ExxonMobil Corporation will post 12.46 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were issued a $1.03 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.3%. ExxonMobil’s dividend payout ratio (DPR) is currently 53.02%.

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.