Quantum Private Wealth LLC Has $266,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 6th, 2023

Quantum Private Wealth LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,424 shares of the oil and gas company’s stock after purchasing an additional 116 shares during the quarter. Quantum Private Wealth LLC’s holdings in Exxon Mobil were worth $266,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $27,000. Corrado Advisors LLC acquired a new stake in Exxon Mobil during the fourth quarter valued at $28,000. Koesten Hirschmann & Crabtree INC. purchased a new position in Exxon Mobil in the fourth quarter valued at about $36,000. Align Wealth Management LLC acquired a new position in Exxon Mobil in the 4th quarter worth about $38,000. Finally, Financial Connections Group Inc. raised its stake in shares of Exxon Mobil by 1,207.1% during the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 338 shares in the last quarter. 58.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research reports. Scotiabank downgraded Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $140.00 to $135.00 in a report on Thursday, April 13th. Jefferies Financial Group dropped their price target on shares of Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. UBS Group upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the company from $125.00 to $144.00 in a report on Tuesday, April 18th. Mizuho decreased their price target on Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. Finally, HSBC raised their price objective on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research note on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.70.

Insider Activity

In related news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $116.11, for a total value of $290,275.00. Following the sale, the vice president now owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

XOM opened at $106.91 on Thursday. The stock has a market cap of $432.24 billion, a PE ratio of 7.24, a P/E/G ratio of 0.64 and a beta of 1.08. Exxon Mobil Co. has a 1 year low of $80.69 and a 1 year high of $119.92. The stock’s 50 day simple moving average is $106.53 and its 200-day simple moving average is $109.69. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19.

Exxon Mobil (NYSE:XOM – Free Report) last announced its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The company had revenue of $86.56 billion during the quarter, compared to analysts’ expectations of $90.07 billion. During the same quarter in the prior year, the company posted $2.07 EPS. The business’s revenue was down 4.3% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 9.46 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s payout ratio is 24.64%.

Exxon Mobil Company Profile

(Free Report)

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.