Smith Anglin Financial LLC Has $4.03 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Smith Anglin Financial LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,429 shares of the oil and gas company’s stock after purchasing an additional 120 shares during the quarter. Smith Anglin Financial LLC’s holdings in Exxon Mobil were worth $4,026,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the 2nd quarter valued at about $35,000. Fairscale Capital LLC acquired a new position in Exxon Mobil during the second quarter valued at approximately $39,000. Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the second quarter valued at approximately $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil in the third quarter valued at $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $111.44 on Thursday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm has a market capitalization of $489.79 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 4.65 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm’s 50 day simple moving average is $113.12 and its 200 day simple moving average is $115.58.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the company posted $2.27 EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.55%. Exxon Mobil’s payout ratio is 49.32%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wolfe Research boosted their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research note on Wednesday, October 9th. BMO Capital Markets upped their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Finally, Truist Financial raised their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

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.