Exxon Mobil Co. (NYSE:XOM) Shares Sold by First Dallas Securities Inc.

First Dallas Securities Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 3.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 60,206 shares of the oil and gas company’s stock after selling 2,387 shares during the period. Exxon Mobil makes up approximately 2.9% of First Dallas Securities Inc.’s holdings, making the stock its 5th largest holding. First Dallas Securities Inc.’s holdings in Exxon Mobil were worth $7,057,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in XOM. Vertex Planning Partners LLC grew its holdings in shares of Exxon Mobil by 3.1% during the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock valued at $326,000 after purchasing an additional 83 shares during the last quarter. Etfidea LLC increased its holdings in shares of Exxon Mobil by 3.3% in the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after buying an additional 85 shares during the period. Bigelow Investment Advisors LLC grew its holdings in shares of Exxon Mobil by 0.6% in the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after purchasing an additional 86 shares during the last quarter. Integral Investment Advisors Inc. boosted its holdings in Exxon Mobil by 2.1% in the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after acquiring an additional 87 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in Exxon Mobil by 15.2% in the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock valued at $76,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Barclays cut their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. The Goldman Sachs Group boosted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Finally, BMO Capital Markets boosted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Stock Performance

NYSE:XOM opened at $112.92 on Tuesday. The company has a market cap of $496.29 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 4.77 and a beta of 0.89. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The stock’s 50 day simple moving average is $119.68 and its two-hundred day simple moving average is $116.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.27 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.51%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is 49.32%.

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.