ExxonMobil (XOM) is Pennsylvania Trust Co’s 3rd Largest Position

Pennsylvania Trust Co lessened its holdings in ExxonMobil (NYSE:XOM) by 1.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 594,141 shares of the oil and gas company’s stock after selling 11,183 shares during the quarter. ExxonMobil makes up approximately 2.2% of Pennsylvania Trust Co’s holdings, making the stock its 3rd largest position. Pennsylvania Trust Co’s holdings in ExxonMobil were worth $49,694,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Asset Management Advisors LLC boosted its stake in ExxonMobil by 0.3% in the second quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after acquiring an additional 7 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its stake in ExxonMobil by 1.3% in the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after acquiring an additional 30 shares in the last quarter. Lehman Financial Resources Inc. boosted its stake in ExxonMobil by 0.5% in the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after acquiring an additional 35 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of ExxonMobil by 0.7% during the second quarter. Intellectus Partners LLC now owns 6,152 shares of the oil and gas company’s stock worth $497,000 after buying an additional 41 shares during the period. Finally, Bellwether Investment Group LLC boosted its stake in shares of ExxonMobil by 1.3% during the second quarter. Bellwether Investment Group LLC now owns 3,355 shares of the oil and gas company’s stock worth $271,000 after buying an additional 44 shares during the period. 53.11% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of ExxonMobil (NYSE:XOM) opened at $72.89 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.82 and a quick ratio of 0.52. The company has a market cap of $308,868.59, a PE ratio of 15.74, a P/E/G ratio of 1.08 and a beta of 0.91. ExxonMobil has a 12-month low of $72.67 and a 12-month high of $89.30.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.18). ExxonMobil had a net margin of 7.61% and a return on equity of 8.00%. The firm had revenue of $66.52 billion during the quarter, compared to analyst estimates of $74.41 billion. During the same quarter in the previous year, the business earned $0.41 EPS. ExxonMobil’s revenue for the quarter was up 9.0% on a year-over-year basis. equities analysts forecast that ExxonMobil will post 4.8 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 12th were issued a $0.77 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $3.08 dividend on an annualized basis and a yield of 4.23%. ExxonMobil’s dividend payout ratio (DPR) is presently 66.52%.

XOM has been the subject of several recent research reports. Vetr upgraded shares of ExxonMobil from a “buy” rating to a “strong-buy” rating and set a $93.75 target price for the company in a research note on Tuesday, November 28th. UBS set a $83.00 target price on shares of ExxonMobil and gave the stock a “neutral” rating in a research note on Monday, December 4th. Credit Suisse Group initiated coverage on shares of ExxonMobil in a research note on Monday, December 11th. They set a “neutral” rating and a $83.00 target price for the company. JPMorgan Chase & Co. set a $81.00 target price on shares of ExxonMobil and gave the stock a “neutral” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research downgraded shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 14th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $86.55.

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ExxonMobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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