Texas Capital Bank Wealth Management Services Inc buys 4,237 shares of Exxon Mobil Co. (NYSE:XOM)

Texas Capital Bank Wealth Management Services Inc increased its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 44.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,667 shares of the oil and gas company’s stock after acquiring an additional 4,237 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Exxon Mobil were worth $1,573,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have added to or reduced their stakes in XOM. Texas Capital Bancshares Inc TX boosted its stake in Exxon Mobil by 3.3% in the second quarter. Texas Capital Bancshares Inc TX now owns 25,154 shares of the oil and gas company’s stock valued at $2,896,000 after buying an additional 793 shares in the last quarter. Sepio Capital LP boosted its position in shares of Exxon Mobil by 20.1% in the second quarter. Sepio Capital LP now owns 5,860 shares of the oil and gas company’s stock worth $675,000 after purchasing an additional 980 shares in the last quarter. Core Wealth Advisors Inc. grew its position in Exxon Mobil by 9.5% during the second quarter. Core Wealth Advisors Inc. now owns 2,627 shares of the oil and gas company’s stock worth $302,000 after acquiring an additional 229 shares during the last quarter. Arkos Global Advisors boosted its holdings in Exxon Mobil by 21.8% during the second quarter. Arkos Global Advisors now owns 4,124 shares of the oil and gas company’s stock worth $475,000 after purchasing an additional 737 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in shares of Exxon Mobil by 24.4% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 4,770 shares of the oil and gas company’s stock valued at $549,000 after purchasing an additional 937 shares during the last quarter. Institutional investors own 61.80% of the company’s shares.

Exxon Mobil stocks rose 2.7%

Shares of XOM stock opened at $115.83 on Friday. The firm has a 50 day simple moving average of $115.76 and a two hundred day simple moving average of $115.61. The company has a market cap of $456.72 billion, a P/E ratio of 14.19, a P/E/G ratio of 4.86 and a beta of 0.90. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36, and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM – Get Your Free Report ) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the firm posted earnings of $1.94 per share. Research analysts estimate that Exxon Mobil Co. will post 8.06 EPS for the current fiscal year.

Exxon Mobil announces dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents an annualized dividend of $3.80 and a dividend yield of 3.28%. The ex-dividend date was Thursday, August 15. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Analyst upgrades and downgrades

A number of research firms recently weighed in on XOM. Redburn Atlantic reissued a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Barclays cut their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, UBS Group decreased their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, 18 September. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Moderate Buy” and an average target price of $135.00, according to MarketBeat.com.

Get the latest stock report on Exxon Mobil

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation is engaged in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through the Upstream, Energy Products, Chemicals and Specialty Products segments. The Upstream segment explores and produces crude oil and natural gas.

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