First Dallas Securities Inc. decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,346 shares of the oil and gas company’s stock after selling 500 shares during the period. Exxon Mobil makes up about 1.9% of First Dallas Securities Inc.’s investment portfolio, making the stock its 16th largest holding. First Dallas Securities Inc.’s holdings in Exxon Mobil were worth $2,257,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of XOM. BlackRock Inc. increased its position in shares of Exxon Mobil by 0.4% during the second quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock worth $21,523,998,000 after acquiring an additional 1,069,038 shares in the last quarter. OLD Point Trust & Financial Services N A increased its position in shares of Exxon Mobil by 1.3% during the third quarter. OLD Point Trust & Financial Services N A now owns 75,329 shares of the oil and gas company’s stock worth $5,319,000 after acquiring an additional 992 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of Exxon Mobil during the third quarter worth $295,000. Bogart Wealth LLC increased its position in shares of Exxon Mobil by 6.6% during the third quarter. Bogart Wealth LLC now owns 376,736 shares of the oil and gas company’s stock worth $26,601,000 after acquiring an additional 23,445 shares in the last quarter. Finally, Bristol John W & Co. Inc. NY grew its position in Exxon Mobil by 15.9% in the third quarter. Bristol John W & Co. Inc. NY now owns 1,456 shares of the oil and gas company’s stock valued at $102,000 after purchasing an additional 200 shares in the last quarter. 54.48% of the stock is owned by institutional investors.
NYSE XOM opened at $61.27 on Thursday. The firm has a 50-day moving average of $66.90 and a 200-day moving average of $69.15. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.50 and a current ratio of 0.78. The stock has a market cap of $253.70 billion, a PE ratio of 18.24, a P/E/G ratio of 2.04 and a beta of 1.01. Exxon Mobil Co. has a 52-week low of $59.62 and a 52-week high of $83.49.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.89. The company had revenue of $67.17 billion during the quarter, compared to analysts’ expectations of $64.58 billion. Exxon Mobil had a net margin of 5.41% and a return on equity of 5.11%. Exxon Mobil’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.41 EPS. As a group, analysts predict that Exxon Mobil Co. will post 3.17 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date is Monday, February 10th. Exxon Mobil’s dividend payout ratio is presently 154.67%.
XOM has been the subject of a number of analyst reports. Cowen decreased their target price on shares of Exxon Mobil from $75.00 to $70.00 and set a “market perform” rating for the company in a research report on Monday, February 3rd. HSBC reissued a “neutral” rating and issued a $70.00 price objective on shares of Exxon Mobil in a research report on Wednesday. Royal Bank of Canada decreased their price objective on shares of Exxon Mobil from $75.00 to $70.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $72.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. Finally, Berenberg Bank set a $63.00 price objective on shares of Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and two have assigned a buy rating to the company. Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $74.48.
In related news, CEO Darren W. Woods bought 2,858 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $60.53 per share, for a total transaction of $172,994.74. Following the purchase, the chief executive officer now owns 818,032 shares in the company, valued at approximately $49,515,476.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Liam M. Mallon sold 32,287 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $68.26, for a total transaction of $2,203,910.62. Following the sale, the vice president now owns 211,289 shares of the company’s stock, valued at approximately $14,422,587.14. The disclosure for this sale can be found here. Company insiders own 0.05% of the company’s stock.
Exxon Mobil Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
Further Reading: What is a Derivative?
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.