Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Smith Group Asset Management LLC

Smith Group Asset Management LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 147,710 shares of the oil and gas company’s stock after purchasing an additional 1,228 shares during the period. Smith Group Asset Management LLC’s holdings in Exxon Mobil were worth $15,889,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Deane Retirement Strategies Inc. grew its stake in shares of Exxon Mobil by 2.3% in the fourth quarter. Deane Retirement Strategies Inc. now owns 37,961 shares of the oil and gas company’s stock worth $4,083,000 after acquiring an additional 865 shares in the last quarter. Twelve Points Wealth Management LLC grew its stake in shares of Exxon Mobil by 22.9% in the fourth quarter. Twelve Points Wealth Management LLC now owns 22,349 shares of the oil and gas company’s stock worth $2,404,000 after acquiring an additional 4,165 shares in the last quarter. Baker Boyer National Bank grew its stake in shares of Exxon Mobil by 9.0% in the fourth quarter. Baker Boyer National Bank now owns 4,503 shares of the oil and gas company’s stock worth $484,000 after acquiring an additional 372 shares in the last quarter. Gateway Wealth Partners LLC grew its stake in shares of Exxon Mobil by 8.0% in the fourth quarter. Gateway Wealth Partners LLC now owns 5,283 shares of the oil and gas company’s stock worth $568,000 after acquiring an additional 392 shares in the last quarter. Finally, Capital Investment Counsel LLC grew its stake in shares of Exxon Mobil by 1.2% in the fourth quarter. Capital Investment Counsel LLC now owns 62,806 shares of the oil and gas company’s stock worth $6,756,000 after acquiring an additional 716 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $106.82 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market cap of $469.48 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 2.84 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34. The firm has a fifty day moving average price of $110.66 and a 200 day moving average price of $115.29.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. During the same quarter last year, the business earned $2.48 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on XOM shares. BNP Paribas downgraded shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research note on Wednesday, October 9th. Scotiabank decreased their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday. Mizuho decreased their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. Finally, Bernstein Bank lifted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.30.

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.