Exxon Mobil Co. (NYSE:XOM) Stock Position Raised by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,672 shares of the oil and gas company’s stock after purchasing an additional 331 shares during the period. First Commonwealth Financial Corp PA’s holdings in Exxon Mobil were worth $1,368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. RPg Family Wealth Advisory LLC lifted its stake in Exxon Mobil by 2.5% during the third quarter. RPg Family Wealth Advisory LLC now owns 66,372 shares of the oil and gas company’s stock valued at $7,780,000 after buying an additional 1,650 shares in the last quarter. CreativeOne Wealth LLC grew its position in Exxon Mobil by 39.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 39,918 shares of the oil and gas company’s stock worth $4,679,000 after purchasing an additional 11,239 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Exxon Mobil by 154.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,011,270 shares of the oil and gas company’s stock worth $235,761,000 after buying an additional 1,220,489 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of Exxon Mobil by 1.8% during the third quarter. Glenmede Trust Co. NA now owns 1,573,789 shares of the oil and gas company’s stock valued at $184,480,000 after buying an additional 27,900 shares in the last quarter. Finally, Insight Wealth Partners LLC lifted its stake in Exxon Mobil by 17.5% in the 3rd quarter. Insight Wealth Partners LLC now owns 9,171 shares of the oil and gas company’s stock worth $1,075,000 after acquiring an additional 1,363 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.2 %

Shares of Exxon Mobil stock traded up $0.20 on Wednesday, hitting $118.17. 908,757 shares of the company’s stock traded hands, compared to its average volume of 16,234,900. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $519.37 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 5.04 and a beta of 0.90. The firm’s 50-day moving average price is $119.61 and its two-hundred day moving average price is $116.56.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.27 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.35%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. upped their target price on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Royal Bank of Canada reduced their target price on Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating for the company in a report on Tuesday. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.95.

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.