Quantitative Investment Management LLC Invests $6.53 Million in Exxon Mobil Corporation $XOM

Quantitative Investment Management LLC bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 54,901 shares of the oil and gas company’s stock, valued at approximately $6,529,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. 10Elms LLP bought a new stake in shares of Exxon Mobil during the fourth quarter worth $25,000. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the first quarter worth $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil during the first quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 238 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

XOM opened at $111.1220 on Friday. The business’s 50-day moving average is $110.24 and its two-hundred day moving average is $108.88. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market capitalization of $473.74 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 2.08 and a beta of 0.53.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the previous year, the firm earned $2.14 earnings per share. The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil’s payout ratio is 56.25%.

Wall Street Analyst Weigh In

XOM has been the subject of several research analyst reports. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Piper Sandler raised their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. UBS Group raised their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday. Melius started coverage on Exxon Mobil in a research note on Wednesday. They set a “hold” rating and a $111.00 price target on the stock. Finally, Barclays restated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $125.00.

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.