Smith Group Asset Management LLC Acquires 11,951 Shares of ExxonMobil Corporation $XOM

Smith Group Asset Management LLC lifted its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 6.8% in the 1st quarter, HoldingsChannel reports. The fund owned 188,977 shares of the oil and gas company’s stock after purchasing an additional 11,951 shares during the period. Smith Group Asset Management LLC’s holdings in ExxonMobil were worth $32,062,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in XOM. Norges Bank purchased a new stake in shares of ExxonMobil in the fourth quarter worth approximately $7,625,063,000. Quantum Portfolio Management LLC bought a new stake in ExxonMobil during the first quarter worth $965,932,000. Arrowstreet Capital Limited Partnership purchased a new stake in ExxonMobil in the 1st quarter valued at $766,345,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in ExxonMobil by 18.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock valued at $1,925,119,000 after acquiring an additional 2,465,410 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in ExxonMobil by 334.4% during the 4th quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company’s stock worth $368,541,000 after acquiring an additional 2,357,467 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Down 1.0%

Shares of NYSE:XOM opened at $153.20 on Wednesday. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41. The company has a market capitalization of $635.01 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 0.63 and a beta of 0.17. The business has a fifty day moving average price of $145.60 and a two-hundred day moving average price of $148.08. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 EPS. Analysts forecast that ExxonMobil Corporation will post 11.55 earnings per share for the current year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, May 15th. ExxonMobil’s payout ratio is presently 69.48%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the stock a “neutral” rating in a research note on Friday, April 17th. Wolfe Research lowered shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. UBS Group boosted their price target on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 price objective on shares of ExxonMobil in a research report on Tuesday, May 5th. Finally, Morgan Stanley decreased their price objective on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ExxonMobil currently has an average rating of “Moderate Buy” and a consensus price target of $163.45.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s July 31 earnings report could provide a catalyst, with expectations for higher quarterly profit and revenue. Analysts are focused on strong upstream performance and the possibility that elevated oil prices boosted cash generation. Exxon Mobil’s Next Earnings Report Could Send the Stock Soaring
• Positive Sentiment: The company’s long-term shareholder-return profile remains supportive: ExxonMobil has increased its dividend for 43 consecutive years and is pursuing a $20 billion annual share-repurchase program. The Single Biggest Reason to Buy Exxon Mobil Before July 31st
• Neutral Sentiment: Analysts remain moderately optimistic after ExxonMobil outperformed the broader market over the past year, but the stock’s premium valuation could limit new buying ahead of earnings. Are Wall Street Analysts Predicting ExxonMobil Stock Will Climb or Sink?
• Negative Sentiment: Bank of America downgraded XOM from Buy to Neutral, citing limited upside amid geopolitical uncertainty. Although its price target increased to $158, the target implies only modest appreciation from current levels, reducing near-term enthusiasm. Exxon Mobil Offers Limited Upside Potential, BofA Says in Downgrade
• Negative Sentiment: Broad energy-sector weakness is also weighing on ExxonMobil, while easing Middle East tensions have pressured oil prices and reduced expectations for an immediate windfall for producers. Sector Update: Energy Stocks Decline Late Afternoon

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.