Pinnacle Wealth Planning Services Inc. Reduces Holdings in Exxon Mobil Co. (NYSE:XOM)

Pinnacle Wealth Planning Services Inc. lessened its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 25.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,294 shares of the oil and gas company's stock after selling 7,189 shares during the period. Pinnacle Wealth Planning Services Inc.'s holdings in Exxon Mobil were worth $2,291,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Tallon Kerry Patrick acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $789,000. Janney Montgomery Scott LLC increased its holdings 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 buying an additional 61,701 shares during the period. True North Advisors LLC increased its holdings 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 buying an additional 12,504 shares during the period. Echo45 Advisors LLC increased its holdings 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 buying an additional 170 shares during the period. Finally, Asset Planning Services Inc. LA ADV grew its holdings in shares of Exxon Mobil by 0.9% during 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 during the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XOM. Mizuho decreased their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. BMO Capital Markets lowered their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a report on Friday, January 31st. Finally, Barclays reiterated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Trading Up 0.4%

NYSE:XOM traded up $0.45 during midday trading on Tuesday, hitting $103.48. 13,011,033 shares of the company traded hands, compared to its average volume of 15,545,595. 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 firm's fifty day moving average is $108.01 and its 200-day moving average is $110.13. Exxon Mobil Co. has a 12-month low of $97.80 and a 12-month high of $126.34. The firm has a market capitalization of $445.96 billion, a P/E ratio of 13.20, a P/E/G ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted 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 business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business's revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.06 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Exxon Mobil Company 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.