Texas Yale Capital Corp. Raises Stake in Exxon Mobil Corporation $XOM

Texas Yale Capital Corp. increased its stake in Exxon Mobil Corporation (NYSE:XOM) by 35.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,720 shares of the oil and gas company’s stock after purchasing an additional 21,740 shares during the quarter. Texas Yale Capital Corp.’s holdings in Exxon Mobil were worth $8,917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Eagle Capital Management LLC lifted its stake in Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares in the last quarter. Brucke Financial Inc. raised its holdings in shares of Exxon Mobil by 2.1% in the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after acquiring an additional 142 shares during the last quarter. Horst & Graben Wealth Management LLC lifted its position in shares of Exxon Mobil by 6.3% in the first quarter. Horst & Graben Wealth Management LLC now owns 4,030 shares of the oil and gas company’s stock valued at $479,000 after acquiring an additional 240 shares in the last quarter. Alpha Cubed Investments LLC boosted its stake in shares of Exxon Mobil by 32.0% during the first quarter. Alpha Cubed Investments LLC now owns 53,655 shares of the oil and gas company’s stock valued at $6,381,000 after acquiring an additional 13,015 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its position in Exxon Mobil by 11.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 24,428 shares of the oil and gas company’s stock worth $2,905,000 after purchasing an additional 2,431 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $114.47 on Friday. 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 Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The company has a market capitalization of $487.99 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 2.06 and a beta of 0.49. The business has a 50-day moving average of $113.39 and a 200-day moving average of $110.19.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

XOM has been the topic of several analyst reports. Melius initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Morgan Stanley boosted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Melius Research began coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Finally, Wells Fargo & Company assumed coverage on Exxon Mobil in a report on Friday, October 17th. They set an “overweight” rating and a $156.00 target price for the company. Two 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $128.50.

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.