Smith Group Asset Management LLC Has $18.41 Million Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Smith Group Asset Management LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 154,772 shares of the oil and gas company's stock after purchasing an additional 7,062 shares during the period. Smith Group Asset Management LLC's holdings in Exxon Mobil were worth $18,407,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Norges Bank bought a new position in Exxon Mobil during the 4th quarter worth approximately $6,936,737,000. GAMMA Investing LLC lifted its holdings in Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after buying an additional 9,391,614 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Exxon Mobil by 13.1% during the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after buying an additional 4,140,046 shares during the last quarter. Northern Trust Corp lifted its holdings in Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after buying an additional 2,998,892 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Exxon Mobil during the 4th quarter worth approximately $240,653,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on XOM. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Mizuho reduced their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Scotiabank reduced their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. TD Cowen raised their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.40.

Exxon Mobil Stock Performance

XOM traded down $1.07 during trading hours on Monday, hitting $111.13. The company's stock had a trading volume of 15,410,459 shares, compared to its average volume of 15,770,236. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market capitalization of $478.93 billion, a PE ratio of 14.74, a PEG ratio of 2.16 and a beta of 0.50. The company has a 50-day simple moving average of $107.37 and a 200 day simple moving average of $108.58. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the company earned $2.06 earnings per share. Exxon Mobil's revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.56%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Exxon Mobil 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.