Smith Group Asset Management LLC Buys 2,403 Shares of Exxon Mobil Corporation $XOM

Smith Group Asset Management LLC boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,175 shares of the oil and gas company’s stock after purchasing an additional 2,403 shares during the period. Smith Group Asset Management LLC’s holdings in Exxon Mobil were worth $16,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in XOM. GAMMA Investing LLC lifted its stake in Exxon Mobil by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock valued at $9,458,000 after purchasing an additional 13,582 shares during the last quarter. Eagle Capital Management LLC raised its stake in shares of Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 376 shares during the last quarter. Ironwood Wealth Management LLC. bought a new position in shares of Exxon Mobil during the first quarter valued at $200,000. Brucke Financial Inc. raised its stake in shares of Exxon Mobil by 2.1% during the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after acquiring an additional 142 shares during the last quarter. Finally, Lifelong Wealth Advisors Inc. raised its stake in shares of Exxon Mobil by 8.4% during the first quarter. Lifelong Wealth Advisors Inc. now owns 2,137 shares of the oil and gas company’s stock valued at $254,000 after acquiring an additional 166 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $115.39 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The firm has a fifty day simple moving average of $112.58 and a 200 day simple moving average of $109.54. The company has a market capitalization of $491.94 billion, a PE ratio of 16.39, a P/E/G ratio of 2.05 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on XOM shares. Morgan Stanley raised their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Wells Fargo & Company started coverage on shares of Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 price target for the company. Bank of America raised their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Mizuho dropped their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Finally, UBS Group raised their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.58.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

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.