First Houston Capital Inc. lowered its holdings in Exxon Mobil Corporation (NYSE:XOM) by 22.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,850 shares of the oil and gas company’s stock after selling 2,800 shares during the period. First Houston Capital Inc.’s holdings in Exxon Mobil were worth $795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Horizon Investment Services LLC increased its stake in shares of Exxon Mobil by 0.4% in the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock valued at $393,000 after purchasing an additional 20 shares during the period. Jag Capital Management LLC increased its stake in shares of Exxon Mobil by 0.5% in the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock valued at $455,000 after purchasing an additional 26 shares during the period. Arcadia Investment Management Corp MI increased its stake in shares of Exxon Mobil by 0.7% in the second quarter. Arcadia Investment Management Corp MI now owns 7,235 shares of the oil and gas company’s stock valued at $584,000 after purchasing an additional 49 shares during the period. Investors Asset Management of Georgia Inc. GA ADV increased its stake in shares of Exxon Mobil by 0.4% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 12,519 shares of the oil and gas company’s stock valued at $1,011,000 after purchasing an additional 50 shares during the period. Finally, Valmark Advisers Inc. increased its stake in shares of Exxon Mobil by 2.4% in the second quarter. Valmark Advisers Inc. now owns 2,652 shares of the oil and gas company’s stock valued at $214,000 after purchasing an additional 61 shares during the period. 51.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Exxon Mobil Corporation (NYSE XOM) traded up $0.17 on Friday, reaching $83.46. 13,779,144 shares of the company traded hands, compared to its average volume of 8,730,253. The company has a market cap of $352,908.56, a P/E ratio of 23.40, a PEG ratio of 1.74 and a beta of 0.83. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.22. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same quarter last year, the firm posted $0.63 EPS. equities research analysts forecast that Exxon Mobil Corporation will post 3.65 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 annualized dividend and a yield of 3.69%. Exxon Mobil’s dividend payout ratio (DPR) is presently 100.33%.

In other news, VP Robert Stuart Franklin sold 22,656 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.

XOM has been the topic of a number of research analyst reports. TheStreet upgraded shares of Exxon Mobil from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Barclays set a $94.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Monday, August 21st. Vetr upgraded shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 price objective on the stock in a research note on Thursday, August 17th. Societe Generale set a $95.00 price objective on shares of Exxon Mobil and gave the company a “buy” rating in a research note on Monday, September 18th. Finally, Cowen reiterated a “buy” rating and set a $100.00 price objective on shares of Exxon Mobil in a research note on Tuesday, September 19th. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $85.86.

COPYRIGHT VIOLATION NOTICE: “First Houston Capital Inc. Sells 2,800 Shares of Exxon Mobil Corporation (XOM)” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/12/02/first-houston-capital-inc-sells-2800-shares-of-exxon-mobil-corporation-xom.html.

Exxon Mobil Company Profile

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Stock Ratings for Exxon Mobil Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil Corporation and related stocks with our FREE daily email newsletter.