Pinnacle Wealth Planning Services Inc. Has $2.84 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Pinnacle Wealth Planning Services Inc. increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,458 shares of the oil and gas company’s stock after acquiring an additional 865 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Exxon Mobil were worth $2,843,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in XOM. Root Financial Partners LLC grew its stake in shares of Exxon Mobil by 10.7% in the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after acquiring an additional 199 shares in the last quarter. RNC Capital Management LLC boosted its holdings in Exxon Mobil by 5.5% during the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after purchasing an additional 4,585 shares during the last quarter. Dupree Financial Group LLC bought a new stake in Exxon Mobil in the 4th quarter worth about $378,000. Intact Investment Management Inc. increased its stake in Exxon Mobil by 225.7% in the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after buying an additional 47,400 shares during the last quarter. Finally, AJOVista LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at about $312,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. HSBC upped their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Sanford C. Bernstein decreased their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday. TD Cowen boosted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Wolfe Research started coverage on shares of Exxon Mobil in a report on Thursday. They set an “outperform” rating and a $146.00 price objective for the company. Finally, Truist Financial reaffirmed a “hold” rating and issued a $124.00 price objective (down previously from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $134.94.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded down $2.73 during trading on Friday, hitting $116.07. 16,157,707 shares of the company were exchanged, compared to its average volume of 15,032,544. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The stock has a 50 day moving average of $114.13 and a 200 day moving average of $111.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a market cap of $457.67 billion, a PE ratio of 14.22, a P/E/G ratio of 4.47 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period last year, the company posted $2.83 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities research analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by corporate insiders.

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.