Texas Yale Capital Corp. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 7.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,827 shares of the oil and gas company’s stock after selling 4,770 shares during the quarter. Texas Yale Capital Corp.’s holdings in Exxon Mobil were worth $4,165,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First Fiduciary Investment Counsel Inc. lifted its position in Exxon Mobil by 12.9% during the first quarter. First Fiduciary Investment Counsel Inc. now owns 185,066 shares of the oil and gas company’s stock worth $13,808,000 after buying an additional 21,090 shares during the period. BKS Advisors LLC raised its holdings in shares of Exxon Mobil by 44.1% in the 1st quarter. BKS Advisors LLC now owns 3,808 shares of the oil and gas company’s stock worth $284,000 after purchasing an additional 1,166 shares during the period. Weatherstone Capital Management raised its holdings in shares of Exxon Mobil by 16.5% in the 1st quarter. Weatherstone Capital Management now owns 6,864 shares of the oil and gas company’s stock worth $512,000 after purchasing an additional 971 shares during the period. BigSur Wealth Management LLC raised its holdings in shares of Exxon Mobil by 38.1% in the 1st quarter. BigSur Wealth Management LLC now owns 6,520 shares of the oil and gas company’s stock worth $486,000 after purchasing an additional 1,800 shares during the period. Finally, Reilly Financial Advisors LLC raised its holdings in shares of Exxon Mobil by 1.6% in the 1st quarter. Reilly Financial Advisors LLC now owns 193,321 shares of the oil and gas company’s stock worth $14,424,000 after purchasing an additional 2,973 shares during the period. Hedge funds and other institutional investors own 51.86% of the company’s stock.
XOM stock opened at $81.76 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 0.11. Exxon Mobil Co. has a 1 year low of $72.15 and a 1 year high of $89.30. The stock has a market capitalization of $350.57 billion, a PE ratio of 22.77, a P/E/G ratio of 1.24 and a beta of 0.92.
Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 27th. The oil and gas company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.05). Exxon Mobil had a net margin of 7.72% and a return on equity of 8.22%. The company had revenue of $68.21 billion during the quarter, compared to analyst estimates of $61.49 billion. During the same quarter last year, the business posted $0.95 EPS. Exxon Mobil’s quarterly revenue was up 2.5% compared to the same quarter last year. equities analysts predict that Exxon Mobil Co. will post 4.88 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Shareholders of record on Monday, May 14th were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Friday, May 11th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.77. Exxon Mobil’s dividend payout ratio (DPR) is 91.36%.
A number of equities analysts have recently commented on the company. Royal Bank of Canada set a $105.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Co raised their price objective on Exxon Mobil from $82.00 to $86.00 and gave the stock a “market perform” rating in a report on Tuesday, June 26th. Goldman Sachs Group restated a “neutral” rating and issued a $85.00 price objective on shares of Exxon Mobil in a report on Thursday, June 21st. Morningstar set a $85.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a report on Monday, June 11th. Finally, Jefferies Financial Group restated a “neutral” rating and issued a $87.00 price objective on shares of Exxon Mobil in a report on Monday, June 11th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $86.87.
Exxon Mobil Company 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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