4,756 Shares in Exxon Mobil Corporation $XOM Acquired by North Dallas Bank & Trust Co.

North Dallas Bank & Trust Co. acquired a new stake in Exxon Mobil Corporation (NYSE:XOM) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 4,756 shares of the oil and gas company’s stock, valued at approximately $513,000.

Other hedge funds also recently bought and sold shares of the company. Elequin Capital LP acquired a new position in Exxon Mobil during the first quarter worth $31,000. Game Plan Financial Advisors LLC lifted its stake in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil during the 2nd quarter valued at about $38,000. Bare Financial Services Inc grew its position in Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares in the last quarter. Finally, 1248 Management LLC purchased a new stake in Exxon Mobil during the first quarter worth about $40,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $118.77 on Monday. The firm’s fifty day simple moving average is $115.60 and its 200-day simple moving average is $112.29. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $120.81. The stock has a market capitalization of $500.88 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 7.48 and a beta of 0.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. As a group, equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Melius initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Mizuho increased their price objective on Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday. Citigroup lifted their target price on Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Barclays cut their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.24.

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.