Exxon Mobil Co. (NYSE:XOM) is Cornell Pochily Investment Advisors Inc.'s 8th Largest Position

Cornell Pochily Investment Advisors Inc. raised its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 4.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,617 shares of the oil and gas company's stock after buying an additional 2,343 shares during the period. Exxon Mobil comprises about 2.1% of Cornell Pochily Investment Advisors Inc.'s investment portfolio, making the stock its 8th biggest holding. Cornell Pochily Investment Advisors Inc.'s holdings in Exxon Mobil were worth $6,020,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Exxon Mobil in the 4th quarter worth about $6,936,737,000. GAMMA Investing LLC increased its stake in shares of Exxon Mobil by 14,242.7% in the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after acquiring an additional 9,391,614 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company's stock worth $4,950,087,000 after acquiring an additional 2,998,892 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

XOM opened at $112.06 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market cap of $482.95 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49. The company's 50 day moving average is $105.51 and its 200 day moving average is $108.66. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.06 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.53%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Analysts Set New Price Targets

XOM has been the subject of several research reports. UBS Group decreased their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Mizuho reduced their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. Finally, Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.50.

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.

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