Smartleaf Asset Management LLC Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Smartleaf Asset Management LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,097 shares of the oil and gas company’s stock after purchasing an additional 3,230 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Exxon Mobil were worth $3,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $46,000. Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $47,000. Compass Financial Services Inc purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $48,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the third quarter worth approximately $51,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

NYSE:XOM opened at $107.69 on Tuesday. The stock has a market cap of $467.28 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The firm’s fifty day simple moving average is $108.98 and its 200 day simple moving average is $114.12. Exxon Mobil Co. has a twelve month low of $104.03 and a twelve month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the firm posted $2.48 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research reports. Truist Financial lifted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Monday, February 3rd. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Scotiabank decreased their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, Piper Sandler decreased their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

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.