Northwest Quadrant Wealth Management LLC Increases Position in Exxon Mobil Co. (NYSE:XOM)

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Northwest Quadrant Wealth Management LLC increased its stake in Exxon Mobil Co. (NYSE:XOM) by 6.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,245 shares of the oil and gas company’s stock after acquiring an additional 357 shares during the period. Northwest Quadrant Wealth Management LLC’s holdings in Exxon Mobil were worth $277,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in XOM. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Exxon Mobil by 0.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,793 shares of the oil and gas company’s stock worth $39,969,000 after purchasing an additional 3,784 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $190,392,000. Summit Global Investments raised its stake in shares of Exxon Mobil by 15.8% during the fourth quarter. Summit Global Investments now owns 22,142 shares of the oil and gas company’s stock valued at $1,545,000 after acquiring an additional 3,018 shares during the last quarter. Napier Park Global Capital US LP bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $524,000. Finally, Cipher Capital LP bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $2,205,000. Institutional investors own 52.23% of the company’s stock.

Exxon Mobil stock traded down $1.55 during midday trading on Thursday, reaching $41.60. 8,515,830 shares of the company traded hands, compared to its average volume of 23,742,476. The firm has a market capitalization of $182.83 billion, a price-to-earnings ratio of 15.83 and a beta of 1.33. The business has a 50 day moving average of $46.42 and a two-hundred day moving average of $51.41. Exxon Mobil Co. has a 12 month low of $30.11 and a 12 month high of $77.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.49. The company had revenue of $56.16 billion for the quarter, compared to the consensus estimate of $58.25 billion. Exxon Mobil had a net margin of 4.42% and a return on equity of 5.15%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.55 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post -1.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 13th were given a dividend of $0.87 per share. The ex-dividend date was Tuesday, May 12th. This represents a $3.48 dividend on an annualized basis and a yield of 8.37%. Exxon Mobil’s dividend payout ratio (DPR) is 154.67%.

Several equities analysts have recently commented on XOM shares. Cowen reaffirmed a “hold” rating and set a $34.00 price objective on shares of Exxon Mobil in a research note on Thursday, July 2nd. Mizuho reduced their price target on shares of Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. CSFB reiterated a “neutral” rating and set a $48.00 price target on shares of Exxon Mobil in a research report on Thursday, March 12th. Cfra cut shares of Exxon Mobil from a “hold” rating to a “sell” rating and boosted their price target for the company from $41.00 to $43.00 in a research report on Thursday, April 30th. Finally, Royal Bank of Canada reiterated a “sell” rating and set a $42.00 price target on shares of Exxon Mobil in a research report on Friday, May 1st. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.09.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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