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

Smartleaf Asset Management LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM) by 11.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 32,097 shares of the oil and gas company’s stock after buying 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 SEC filing.

Other large investors have also recently modified their holdings of the company. Greenwich Wealth Management LLC raised its position in Exxon Mobil by 1.3% in the 3rd quarter. Greenwich Wealth Management LLC now owns 12,943 shares of the oil and gas company’s stock worth $1,517,000 after buying an additional 165 shares during the last quarter. Sollinda Capital Management LLC raised its position in Exxon Mobil by 10.9% in the 3rd quarter. Sollinda Capital Management LLC now owns 3,867 shares of the oil and gas company’s stock worth $453,000 after buying an additional 380 shares during the last quarter. Argonautica Private Wealth Management Inc. raised its position in Exxon Mobil by 1.1% in the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 23,239 shares of the oil and gas company’s stock worth $2,724,000 after buying an additional 259 shares during the last quarter. Princeton Global Asset Management LLC raised its position in Exxon Mobil by 5.6% in the 3rd quarter. Princeton Global Asset Management LLC now owns 14,904 shares of the oil and gas company’s stock worth $1,747,000 after buying an additional 788 shares during the last quarter. Finally, Clear Creek Financial Management LLC raised its position in Exxon Mobil by 5.0% in the 3rd quarter. Clear Creek Financial Management LLC now owns 9,549 shares of the oil and gas company’s stock worth $1,119,000 after buying an additional 454 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XOM. Morgan Stanley boosted their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Wells Fargo & Company cut their price target on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. UBS Group cut their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Argus upgraded Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Down 3.3 %

XOM stock opened at $107.69 on Tuesday. Exxon Mobil Co. has a 1-year low of $104.03 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market capitalization of $467.28 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 3.02 and a beta of 0.89. The business has a 50 day simple moving average of $108.98 and a two-hundred day simple moving average of $114.12.

Exxon Mobil (NYSE:XOM) last posted 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 return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the company earned $2.48 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

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.