Quartz Partners LLC Purchases 525 Shares of Exxon Mobil Co. (NYSE:XOM)

Quartz Partners LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 23.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,761 shares of the oil and gas company’s stock after acquiring an additional 525 shares during the quarter. Quartz Partners LLC’s holdings in Exxon Mobil were worth $297,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. Peterson Wealth Advisors LLC boosted its holdings in shares of Exxon Mobil by 2.8% during the 3rd quarter. Peterson Wealth Advisors LLC now owns 22,133 shares of the oil and gas company’s stock worth $2,594,000 after buying an additional 593 shares during the period. IVC Wealth Advisors LLC boosted its holdings in shares of Exxon Mobil by 36.3% during the 3rd quarter. IVC Wealth Advisors LLC now owns 9,967 shares of the oil and gas company’s stock worth $1,168,000 after buying an additional 2,655 shares during the period. Insight Folios Inc boosted its holdings in shares of Exxon Mobil by 4.7% during the 3rd quarter. Insight Folios Inc now owns 72,329 shares of the oil and gas company’s stock worth $8,478,000 after buying an additional 3,232 shares during the period. FSA Advisors Inc. boosted its holdings in shares of Exxon Mobil by 3.6% during the 3rd quarter. FSA Advisors Inc. now owns 3,006 shares of the oil and gas company’s stock worth $351,000 after buying an additional 104 shares during the period. Finally, Southern Capital Advisors LLC boosted its holdings in shares of Exxon Mobil by 14.9% during the 3rd quarter. Southern Capital Advisors LLC now owns 5,483 shares of the oil and gas company’s stock worth $643,000 after buying an additional 713 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $109.43 on Thursday. The company has a 50 day simple moving average of $108.75 and a 200 day simple moving average of $114.34. The stock has a market cap of $474.84 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 1 year low of $103.85 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm earned $2.48 EPS. Research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is 50.51%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Scotiabank dropped their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Wells Fargo & Company dropped their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

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.