Exxon Mobil Co. (NYSE:XOM) Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. reduced its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 25.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,294 shares of the oil and gas company's stock after selling 7,189 shares during the quarter. Pinnacle Wealth Planning Services Inc.'s holdings in Exxon Mobil were worth $2,291,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of XOM. Tallon Kerry Patrick purchased a new position in Exxon Mobil during the 4th quarter worth approximately $789,000. Janney Montgomery Scott LLC grew its stake in Exxon Mobil by 4.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,494,482 shares of the oil and gas company's stock valued at $160,762,000 after acquiring an additional 61,701 shares during the period. True North Advisors LLC grew its stake in Exxon Mobil by 32.4% in the 4th quarter. True North Advisors LLC now owns 51,135 shares of the oil and gas company's stock valued at $5,501,000 after acquiring an additional 12,504 shares during the period. Echo45 Advisors LLC grew its stake in Exxon Mobil by 9.4% in the 4th quarter. Echo45 Advisors LLC now owns 1,970 shares of the oil and gas company's stock valued at $212,000 after acquiring an additional 170 shares during the period. Finally, Asset Planning Services Inc. LA ADV lifted its holdings in Exxon Mobil by 0.9% in the 4th quarter. Asset Planning Services Inc. LA ADV now owns 50,580 shares of the oil and gas company's stock valued at $5,441,000 after purchasing an additional 450 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 1.4%

Exxon Mobil stock traded down $1.42 during trading on Wednesday, hitting $102.10. The company had a trading volume of 14,248,773 shares, compared to its average volume of 15,540,433. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34. 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's 50 day simple moving average is $107.77 and its 200-day simple moving average is $110.08. The stock has a market cap of $440.01 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results 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 analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business's revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.88%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company decreased their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho decreased their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, HSBC reduced their price target on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently 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.