Orrstown Financial Services Inc. Trims Stake in Exxon Mobil Co. (NYSE:XOM)

Orrstown Financial Services Inc. lowered its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 18.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,018 shares of the oil and gas company’s stock after selling 1,323 shares during the quarter. Orrstown Financial Services Inc.’s holdings in Exxon Mobil were worth $497,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of XOM. Guardian Wealth Management Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $30,000. Horan Securities Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $31,000. West Bancorporation Inc. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $32,000. Nvwm LLC grew its stake in shares of Exxon Mobil by 100.0% in the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 300 shares in the last quarter. Finally, Core Wealth Advisors Inc. grew its stake in shares of Exxon Mobil by 454.5% in the fourth quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 500 shares in the last quarter. Institutional investors own 54.07% of the company’s stock.

Exxon Mobil stock opened at $87.86 on Thursday. Exxon Mobil Co. has a fifty-two week low of $52.10 and a fifty-two week high of $105.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. The company has a market capitalization of $370.11 billion, a P/E ratio of 14.57, a PEG ratio of 0.35 and a beta of 1.05. The stock has a 50-day simple moving average of $91.53 and a 200-day simple moving average of $80.64.

Exxon Mobil (NYSE:XOMGet Rating) last posted its earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The firm had revenue of $90.50 billion during the quarter, compared to analysts’ expectations of $83.57 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 53.0% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post 10.26 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Friday, May 13th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Thursday, May 12th. Exxon Mobil’s dividend payout ratio is presently 58.37%.

In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the sale, the vice president now directly owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The disclosure for this sale can be found here. 0.04% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on XOM shares. Wells Fargo & Company lifted their price objective on Exxon Mobil from $93.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, March 11th. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Cowen boosted their target price on Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Credit Suisse Group raised Exxon Mobil from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $115.00 to $125.00 in a research note on Tuesday. Finally, Cowen boosted their target price on Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $89.24.

Exxon Mobil Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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