Hodges Capital Management Inc. Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Hodges Capital Management Inc. lowered its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 16.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,542 shares of the oil and gas company's stock after selling 20,786 shares during the quarter. Hodges Capital Management Inc.'s holdings in Exxon Mobil were worth $12,417,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Independence Bank of Kentucky boosted its position in shares of Exxon Mobil by 11.6% in the 1st quarter. Independence Bank of Kentucky now owns 29,043 shares of the oil and gas company's stock valued at $3,376,000 after purchasing an additional 3,023 shares during the period. Norris Perne & French LLP MI boosted its position in Exxon Mobil by 17.1% during the 1st quarter. Norris Perne & French LLP MI now owns 4,811 shares of the oil and gas company's stock worth $559,000 after acquiring an additional 704 shares during the period. OneAscent Financial Services LLC boosted its position in Exxon Mobil by 3.0% during the 1st quarter. OneAscent Financial Services LLC now owns 11,918 shares of the oil and gas company's stock worth $1,385,000 after acquiring an additional 344 shares during the period. Webster Bank N. A. boosted its position in Exxon Mobil by 0.4% during the 1st quarter. Webster Bank N. A. now owns 53,762 shares of the oil and gas company's stock worth $6,249,000 after acquiring an additional 227 shares during the period. Finally, OneAscent Wealth Management LLC boosted its position in Exxon Mobil by 21.9% during the 1st quarter. OneAscent Wealth Management LLC now owns 5,987 shares of the oil and gas company's stock worth $696,000 after acquiring an additional 1,074 shares during the period. Institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on XOM. Piper Sandler raised their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, April 18th. Mizuho raised their price target on Exxon Mobil from $125.00 to $128.00 and gave the stock a "neutral" rating in a research note on Monday, May 13th. Truist Financial reaffirmed a "hold" rating and set a $124.00 price target (down from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. UBS Group raised their price target on Exxon Mobil from $152.00 to $154.00 and gave the stock a "buy" rating in a research note on Tuesday, June 25th. Finally, Scotiabank raised their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $133.82.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the business's stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Performance

XOM traded up $0.22 during midday trading on Friday, reaching $115.12. The company's stock had a trading volume of 24,565,910 shares, compared to its average volume of 17,603,478. The stock has a market cap of $453.92 billion, a P/E ratio of 14.11, a PEG ratio of 4.14 and a beta of 0.92. The company has a fifty day simple moving average of $115.25 and a 200 day simple moving average of $109.72. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $2.83 EPS. Research analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil's dividend payout ratio (DPR) is currently 46.57%.

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.