Exxon Mobil Corporation $XOM Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. trimmed its holdings in Exxon Mobil Corporation (NYSE:XOM) by 24.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,522 shares of the oil and gas company’s stock after selling 21,299 shares during the period. Hodges Capital Management Inc.’s holdings in Exxon Mobil were worth $6,955,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of XOM. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil in the 1st quarter worth approximately $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil in the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC lifted its position in Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil during the second quarter worth $38,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of XOM opened at $117.19 on Monday. The firm has a 50-day simple moving average of $113.45 and a two-hundred day simple moving average of $110.30. The stock has a market cap of $494.19 billion, a PE ratio of 16.65, a P/E/G ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $57.55 billion during the quarter. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is presently 59.88%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays cut their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. UBS Group raised their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Melius started coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Melius Research began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.67.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.