Smartleaf Asset Management LLC Acquires 4,761 Shares of Exxon Mobil Corporation $XOM

Key Points

• Smartleaf Asset Management LLC increased its stake in Exxon Mobil by 14.8%, acquiring an additional 4,761 shares, resulting in total holdings of 36,858 shares valued at approximately $4.3 million.
• Multiple institutional investors have also raised their stakes in Exxon Mobil, with Quantinno Capital Management LP increasing its investment by 24.1% in the last quarter.
• Exxon Mobil recently disclosed a quarterly dividend of $0.99 per share, representing an annualized dividend yield of 3.6% and a payout ratio of 56.25%.

Smartleaf Asset Management LLC raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 14.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,858 shares of the oil and gas company's stock after buying an additional 4,761 shares during the period. Smartleaf Asset Management LLC's holdings in Exxon Mobil were worth $4,339,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil during the first quarter valued at approximately $29,000. Elequin Capital LP acquired a new position in shares of Exxon Mobil during the first quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $32,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 238 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Trading Up 1.7%

XOM traded up $1.8920 during trading on Friday, reaching $111.1220. The company had a trading volume of 13,580,389 shares, compared to its average volume of 15,715,400. The firm's 50-day simple moving average is $110.24 and its 200 day simple moving average is $108.88. The company has a market cap of $473.74 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 2.08 and a beta of 0.53. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday. They issued a "hold" rating and a $111.00 price objective on the stock. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Sunday. Mizuho lowered their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Piper Sandler lifted their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $125.00.

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.