Exxon Mobil Co. (NYSE:XOM) Shares Sold by Texas Capital Bancshares Inc TX

Texas Capital Bancshares Inc TX cut its stake in Exxon Mobil Co. (NYSE:XOM) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,722 shares of the oil and gas company’s stock after selling 685 shares during the period. Exxon Mobil accounts for 1.0% of Texas Capital Bancshares Inc TX’s portfolio, making the stock its 11th largest position. Texas Capital Bancshares Inc TX’s holdings in Exxon Mobil were worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in shares of Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock valued at $10,023,875,000 after acquiring an additional 1,104,617 shares in the last quarter. Norges Bank bought a new stake in Exxon Mobil during the fourth quarter valued at $6,936,737,000. Bank of New York Mellon Corp lifted its position in shares of Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after buying an additional 5,538,694 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock valued at $3,836,226,000 after buying an additional 4,140,046 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Exxon Mobil by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 31,860,532 shares of the oil and gas company’s stock valued at $3,427,237,000 after buying an additional 700,415 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

NYSE:XOM opened at $99.84 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $110.47 and its 200 day moving average price is $113.27. Exxon Mobil Co. has a 52-week low of $97.80 and a 52-week high of $126.34. The firm has a market cap of $433.21 billion, a P/E ratio of 12.73, a PEG ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm posted $2.48 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.97%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent research reports. Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Morgan Stanley cut their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Barclays lowered their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Mizuho cut their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Finally, Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $128.20.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

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.