First Financial Bankshares Inc Cuts Holdings in Exxon Mobil Co. (NYSE:XOM)

First Financial Bankshares Inc decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,785 shares of the oil and gas company’s stock after selling 3,327 shares during the period. First Financial Bankshares Inc’s holdings in Exxon Mobil were worth $6,216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of XOM. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at about $46,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred 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 transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $113.61 on Wednesday. The firm has a market capitalization of $492.95 billion, a P/E ratio of 14.49, a PEG ratio of 3.02 and a beta of 0.83. The stock has a 50-day simple moving average of $109.56 and a two-hundred day simple moving average of $113.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a fifty-two week low of $103.67 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the company earned $2.48 earnings per share. On average, equities analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on XOM shares. JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Morgan Stanley raised their price objective on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Scotiabank reduced their target price on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, HSBC cut their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.15.

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.