Smartleaf Asset Management LLC Grows Stake in Exxon Mobil Corporation $XOM

Smartleaf Asset Management LLC grew its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 45.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 48,048 shares of the oil and gas company’s stock after acquiring an additional 14,901 shares during the period. Smartleaf Asset Management LLC’s holdings in Exxon Mobil were worth $5,488,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at $6,163,719,000. First Trust Advisors LP raised its stake in Exxon Mobil by 150.2% in the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock valued at $819,560,000 after acquiring an additional 4,563,707 shares during the period. Cerity Partners LLC lifted its holdings in Exxon Mobil by 200.7% during the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after purchasing an additional 4,015,099 shares during the last quarter. Laurel Wealth Advisors LLC lifted its holdings in Exxon Mobil by 10,809.8% during the second quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock valued at $333,652,000 after purchasing an additional 3,066,736 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in Exxon Mobil by 119.4% during the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock worth $301,310,000 after purchasing an additional 1,454,308 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on XOM. Mizuho set a $140.00 price target on shares of Exxon Mobil in a research report on Wednesday. TD Cowen boosted their target price on shares of Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Piper Sandler cut their price target on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. BNP Paribas Exane cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price target for the company. in a research report on Tuesday, February 3rd. Finally, Barclays increased their price objective on Exxon Mobil from $140.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $140.59.

Get Our Latest Stock Report on XOM

Exxon Mobil Trading Up 2.2%

Exxon Mobil stock opened at $149.28 on Friday. The stock has a market cap of $629.54 billion, a P/E ratio of 22.31, a PEG ratio of 15.49 and a beta of 0.39. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $149.57. The firm’s fifty day moving average price is $125.78 and its 200-day moving average price is $117.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business had revenue of $82.31 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the sale, the vice president directly owned 23,584 shares in the company, valued at $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 11,000 shares of company stock worth $1,406,570 in the last three months. Insiders own 0.03% of the company’s stock.

More Exxon Mobil News

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Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

Further Reading

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

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