Smart Money Group LLC Has $852,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

Smart Money Group LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOMFree Report) by 57.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,206 shares of the oil and gas company’s stock after purchasing an additional 2,641 shares during the quarter. Smart Money Group LLC’s holdings in Exxon Mobil were worth $852,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of XOM. First Pacific Financial bought a new stake in shares of Exxon Mobil during the 1st quarter worth $34,000. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $46,000. Vima LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $50,000. Keener Financial Planning LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $80,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Exxon Mobil during the 4th quarter worth $80,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on XOM. Truist Financial reaffirmed a “hold” rating and set a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. UBS Group increased their price target on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Piper Sandler increased their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $134.41.

Check Out Our Latest Research Report on XOM

Exxon Mobil Price Performance

NYSE:XOM opened at $110.99 on Wednesday. The company has a 50-day moving average of $114.36 and a 200-day moving average of $110.31. The company has a market capitalization of $437.63 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 4.07 and a beta of 0.91. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.83 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 9.18 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

About Exxon Mobil

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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