Qtron Investments LLC Sells 4,353 Shares of Exxon Mobil Corporation $XOM

by · The Cerbat Gem

Qtron Investments LLC lessened its holdings in shares of Exxon Mobil Corporation (NYSE:XOM – Free Report) by 9.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,457 shares of the oil and gas company’s stock after selling 4,353 shares during the quarter. Exxon Mobil comprises 0.7% of Qtron Investments LLC’s portfolio, making the stock its 21st biggest holding. Qtron Investments LLC’s holdings in Exxon Mobil were worth $4,693,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 10Elms LLP purchased a new position in Exxon Mobil during the 4th quarter valued at approximately $25,000. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the 1st quarter valued at approximately $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the 1st quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares in the last quarter. Finally, Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at approximately $32,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.8%

Shares of NYSE XOM opened at $106.54 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $110.25 and a two-hundred day simple moving average of $108.88. The firm has a market cap of $454.21 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.00 and a beta of 0.53. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

Exxon Mobil (NYSE:XOM – Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Exxon Mobil’s revenue was down 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.14 EPS. Analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.7%. Exxon Mobil’s payout ratio is 56.25%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen lifted their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Wall Street Zen cut Exxon Mobil from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Piper Sandler lifted their target price on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $125.26.

View Our Latest Report on Exxon Mobil

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.

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