Exxon Mobil Co. (NYSE:XOM) Shares Sold by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. decreased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,758 shares of the oil and gas company’s stock after selling 1,783 shares during the quarter. Exxon Mobil accounts for approximately 1.9% of Cornell Pochily Investment Advisors Inc.’s investment portfolio, making the stock its 8th largest holding. Cornell Pochily Investment Advisors Inc.’s holdings in Exxon Mobil were worth $4,675,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Axiom Financial Strategies LLC increased its position in shares of Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after buying an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at $275,000. Loomis Sayles & Co. L P increased its holdings in Exxon Mobil by 318.8% during the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 13,065 shares during the period. Ergoteles LLC increased its holdings in Exxon Mobil by 95.6% during the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after purchasing an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC acquired a new stake in shares of Exxon Mobil during the 1st quarter worth about $237,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on XOM. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. JPMorgan Chase & Co. decreased their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a research note on Friday, December 8th. Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, UBS Group dropped their target price on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.18.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $0.49 on Thursday, reaching $115.46. 2,964,532 shares of the company’s stock were exchanged, compared to its average volume of 18,229,654. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $458.13 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 4.17 and a beta of 0.96. The company has a fifty day moving average of $104.98 and a 200-day moving average of $105.89. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $120.70.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. During the same period in the prior year, the business posted $3.40 earnings per share. Exxon Mobil’s quarterly revenue was down 11.6% on a year-over-year basis. On average, research analysts predict that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s payout ratio is 42.74%.

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.