Smith Asset Management Group LP raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 9.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 169,954 shares of the oil and gas company’s stock after acquiring an additional 14,721 shares during the quarter. Smith Asset Management Group LP’s holdings in Exxon Mobil were worth $13,719,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Patton Albertson Miller Group LLC boosted its stake in shares of Exxon Mobil by 51.1% during the second quarter. Patton Albertson Miller Group LLC now owns 11,354 shares of the oil and gas company’s stock valued at $910,000 after purchasing an additional 3,838 shares in the last quarter. Crescent Grove Advisors LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $613,000. Mondrian Investment Partners LTD bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $8,399,000. First Trust Advisors LP increased its holdings in shares of Exxon Mobil by 340.8% during the second quarter. First Trust Advisors LP now owns 2,426,808 shares of the oil and gas company’s stock valued at $195,916,000 after acquiring an additional 1,876,293 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in Exxon Mobil by 3.1% during the second quarter. Arizona State Retirement System now owns 1,408,225 shares of the oil and gas company’s stock worth $113,686,000 after buying an additional 42,183 shares in the last quarter. 51.18% of the stock is owned by institutional investors.
Shares of Exxon Mobil Corporation (XOM) traded down $0.61 on Wednesday, reaching $82.28. The company’s stock had a trading volume of 13,398,741 shares, compared to its average volume of 10,962,292. The firm has a market cap of $354,094.94, a P/E ratio of 23.48, a P/E/G ratio of 1.75 and a beta of 0.83. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 annualized dividend and a yield of 3.74%. Exxon Mobil’s payout ratio is currently 100.33%.
A number of research analysts have recently commented on the company. UBS set a $83.00 price target on Exxon Mobil and gave the company a “neutral” rating in a research report on Monday. Vetr cut Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $92.50 price objective on the stock. in a report on Friday, December 1st. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research note on Friday, November 24th. BNP Paribas set a $75.00 price objective on Exxon Mobil and gave the company a “sell” rating in a research report on Wednesday, November 15th. Finally, Goldman Sachs Group set a $86.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research report on Tuesday, November 7th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $86.14.
In other news, insider James M. Spellings, Jr. sold 9,379 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total value of $781,927.23. Following the sale, the insider now directly owns 220,000 shares in the company, valued at $18,341,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. Insiders have sold 42,513 shares of company stock worth $3,465,657 over the last 90 days. 0.08% of the stock is currently owned by company insiders.
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About Exxon Mobil
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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