Smartleaf Asset Management LLC Purchases 14,901 Shares of Exxon Mobil Corporation $XOM

Smartleaf Asset Management LLC lifted its holdings in Exxon Mobil Corporation (NYSE:XOMFree Report) by 45.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westfuller Advisors LLC bought a new position in shares of Exxon Mobil during the 3rd quarter worth about $30,000. Bare Financial Services Inc boosted its holdings in Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 201 shares in the last quarter. Clayton Financial Group LLC acquired a new stake in Exxon Mobil in the third quarter valued at approximately $40,000. TruNorth Capital Management LLC grew its stake in Exxon Mobil by 1,595.2% in the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 335 shares during the period. Finally, Halbert Hargrove Global Advisors LLC increased its holdings in shares of Exxon Mobil by 95.8% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil News Roundup

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Stock Performance

NYSE XOM opened at $149.28 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The company has a fifty day moving average price of $125.78 and a 200-day moving average price of $117.36. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $149.57. The firm has a market cap of $629.54 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 15.49 and a beta of 0.39.

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

Exxon Mobil Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. TD Cowen increased their target price on Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Bank of America upped their price objective on shares of Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Zacks Research raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th. Finally, Barclays upped their target price on shares of Exxon Mobil from $140.00 to $145.00 and gave the stock an “overweight” rating in a report on Tuesday. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $140.59.

Read Our Latest Stock Report on XOM

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of Exxon Mobil stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the sale, the vice president directly owned 23,584 shares in the company, valued at approximately $3,295,864. This trade represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 11,000 shares of company stock worth $1,406,570 over the last three months. Company insiders own 0.03% of the company’s stock.

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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