First Dallas Securities Inc. Has $6.02 Million Stock Position in Exxon Mobil Corporation $XOM

Key Points

• First Dallas Securities Inc. reduced its stake in Exxon Mobil by 11.0%, now holding 50,618 shares valued at approximately $6,020,000, making it the fund's 8th largest holding.
• Exxon Mobil reported a quarterly EPS of $1.64, exceeding the consensus estimate of $1.47, while its revenue for the quarter reached $81.51 billion.
• The company has declared a quarterly dividend of $0.99 per share, resulting in an annualized yield of 3.6%, with the ex-dividend date set for August 15th.

First Dallas Securities Inc. lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 11.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,618 shares of the oil and gas company's stock after selling 6,278 shares during the quarter. Exxon Mobil accounts for about 2.5% of First Dallas Securities Inc.'s portfolio, making the stock its 8th biggest position. First Dallas Securities Inc.'s holdings in Exxon Mobil were worth $6,020,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of XOM. KKM Financial LLC grew its stake in shares of Exxon Mobil by 4.9% during the 4th quarter. KKM Financial LLC now owns 24,440 shares of the oil and gas company's stock worth $2,629,000 after acquiring an additional 1,134 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Exxon Mobil by 23.0% during the 4th quarter. Janus Henderson Group PLC now owns 709,539 shares of the oil and gas company's stock worth $76,362,000 after acquiring an additional 132,507 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Exxon Mobil by 300.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company's stock worth $1,534,000 after acquiring an additional 10,697 shares in the last quarter. Investor s Fiduciary Advisor Network LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $1,590,000. Finally, Leigh Baldwin & CO. LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $120,962,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on XOM. Wall Street Zen cut shares of Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Friday. Morgan Stanley raised their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Melius assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. Melius Research assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. Finally, Piper Sandler raised their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $125.00.

Insider Activity at Exxon Mobil

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 completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $0.74 during midday trading on Monday, hitting $109.97. 15,437,960 shares of the company's stock were exchanged, compared to its average volume of 14,212,491. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company's 50 day moving average price is $110.49 and its 200 day moving average price is $109.09. The firm has a market capitalization of $468.82 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 2.04 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the previous year, the company posted $2.14 EPS. The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.

Exxon Mobil Company Profile

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.