Pinnacle Wealth Management Advisory Group LLC Reduces Stake in Exxon Mobil Co. (NYSE:XOM)

Pinnacle Wealth Management Advisory Group LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,225 shares of the oil and gas company’s stock after selling 614 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Exxon Mobil were worth $2,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of Exxon Mobil during the third quarter valued at $91,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Exxon Mobil in the third quarter valued at approximately $92,000. Keener Financial Planning LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $80,000. Sumitomo Mitsui Financial Group Inc. increased its position in Exxon Mobil by 851.6% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after acquiring an additional 792 shares during the period. Finally, TFO Wealth Partners LLC raised its stake in Exxon Mobil by 118.5% during the 3rd quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s 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 transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $1.62 during mid-day trading on Thursday, reaching $117.77. 8,148,549 shares of the company were exchanged, compared to its average volume of 18,705,713. The stock has a market capitalization of $464.37 billion, a P/E ratio of 14.44, a P/E/G ratio of 4.03 and a beta of 0.96. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a twelve month low of $95.77 and a twelve month high of $123.75. The company’s 50-day simple moving average is $115.15 and its 200-day simple moving average is $106.95.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results 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). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.83 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 9.61 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research analyst reports. Mizuho restated a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Scotiabank upped their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. UBS Group lifted their price objective on shares of Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, Wells Fargo & Company lifted their price target on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $134.18.

Exxon Mobil 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.