Texas Yale Capital Corp. Trims Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Texas Yale Capital Corp. reduced its holdings in Exxon Mobil by 21.7% in Q1, resulting in ownership of 60,980 shares valued at approximately $7.25 million.
• Despite the reduction in holdings, Exxon Mobil reported a quarterly earnings per share (EPS) of $1.76, slightly beating estimates, with revenues of $83.13 billion for the quarter.
• Exxon Mobil recently declared a quarterly dividend of $0.99, reflecting an annualized yield of 3.59% and a payout ratio of 52.52%.

Texas Yale Capital Corp. trimmed its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 21.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,980 shares of the oil and gas company's stock after selling 16,910 shares during the quarter. Texas Yale Capital Corp.'s holdings in Exxon Mobil were worth $7,252,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantinno Capital Management LP raised its holdings in Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after buying an additional 110,772 shares in the last quarter. Accredited Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $55,000. Journey Strategic Wealth LLC lifted its stake in shares of Exxon Mobil by 6.7% in the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after buying an additional 1,379 shares during the last quarter. Legacy Trust lifted its stake in shares of Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after buying an additional 997 shares during the last quarter. Finally, Hartford Funds Management Co LLC lifted its stake in shares of Exxon Mobil by 51.8% in the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after buying an additional 2,617 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XOM has been the topic of several analyst reports. Piper Sandler boosted their price target on shares of Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a research report on Tuesday, July 15th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Trading Up 0.9%

Shares of XOM traded up $1.03 during midday trading on Monday, reaching $111.43. The company had a trading volume of 12,351,347 shares, compared to its average volume of 13,922,875. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The stock has a market cap of $480.22 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 2.08 and a beta of 0.50. The firm has a 50 day simple moving average of $108.75 and a 200-day simple moving average of $109.05. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $2.06 EPS. Research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.55%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

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.