Orrstown Financial Services Inc. Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Orrstown Financial Services Inc. lessened its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 18.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Exxon Mobil by 0.4% in the fourth quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after acquiring an additional 1,128,974 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Exxon Mobil by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock valued at $4,322,078,000 after acquiring an additional 3,441,825 shares in the last quarter. Norges Bank purchased a new position in Exxon Mobil during the fourth quarter worth approximately $3,184,424,000. GQG Partners LLC lifted its position in Exxon Mobil by 21.8% during the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock worth $1,982,114,000 after buying an additional 5,807,202 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Exxon Mobil by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,619,880 shares of the oil and gas company’s stock worth $1,873,632,000 after buying an additional 164,733 shares in the last quarter. Institutional investors and hedge funds own 54.07% of the company’s stock.

A number of equities analysts recently commented on the company. Cowen lifted their price objective on Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Credit Suisse Group upgraded Exxon Mobil from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $115.00 to $125.00 in a research report on Tuesday. The Goldman Sachs Group lifted their price objective on Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Finally, Truist Financial lifted their target price on Exxon Mobil from $75.00 to $84.00 in a research report on Thursday, April 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $89.24.

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

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings data on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $83.57 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The company’s quarterly revenue was up 53.0% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 10.26 earnings per share for the current year.

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

In related news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the transaction, 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. Insiders own 0.04% of the company’s stock.

About Exxon Mobil (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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