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

Smith Group Asset Management LLC boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new position in Exxon Mobil during the 4th quarter worth $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil in the fourth quarter worth about $32,000. Synergy Investment Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at about $47,000. Finally, Clarity Asset Management Inc. raised its stake in Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on XOM. Piper Sandler upgraded Exxon Mobil from a "hold" rating to a "strong-buy" rating and boosted their price target for the company from $125.00 to $131.00 in a report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Scotiabank dropped their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Mizuho dropped 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and an average target price of $125.40.

Exxon Mobil Stock Down 1.0%

XOM traded down $1.07 during trading on Monday, reaching $111.13. 15,365,575 shares of the stock traded hands, compared to its average volume of 15,770,023. The stock's 50-day simple moving average is $107.32 and its two-hundred day simple moving average is $108.54. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a market cap of $478.93 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50.

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

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.56%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

About Exxon Mobil

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.