35,457 Shares in Exxon Mobil Co. (NYSE:XOM) Bought by Quantessence Capital LLC

Quantessence Capital LLC purchased a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,457 shares of the oil and gas company's stock, valued at approximately $3,814,000. Exxon Mobil makes up approximately 1.6% of Quantessence Capital LLC's holdings, making the stock its 13th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock valued at $786,453,000 after purchasing an additional 521,932 shares during the period. McIlrath & Eck LLC raised its holdings in Exxon Mobil by 7.4% during the third quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company's stock worth $657,000 after purchasing an additional 387 shares in the last quarter. Passumpsic Savings Bank raised its stake in shares of Exxon Mobil by 50.5% in the 3rd quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company's stock worth $424,000 after buying an additional 1,214 shares in the last quarter. Advisory Resource Group lifted its holdings in Exxon Mobil by 3.0% in the 3rd quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company's stock valued at $5,123,000 after acquiring an additional 1,270 shares during the last quarter. Finally, Diamant Asset Management Inc. lifted its stake in Exxon Mobil by 0.9% during the third quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company's stock valued at $1,518,000 after purchasing an additional 120 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of analyst reports. Truist Financial upped their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. BMO Capital Markets lowered their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. Finally, Bernstein Bank lifted their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.50.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded down $0.02 during mid-day trading on Friday, reaching $108.61. 11,244,625 shares of the stock were exchanged, compared to its average volume of 15,930,285. The company has a market cap of $469.77 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The firm has a 50-day simple moving average of $109.78 and a 200 day simple moving average of $112.36. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business earned $2.48 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

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.