PNC Financial Services Group Inc. Grows Stock Holdings in Exxon Mobil Corporation $XOM

PNC Financial Services Group Inc. lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.6% during the third quarter, HoldingsChannel.com reports. The firm owned 10,681,632 shares of the oil and gas company’s stock after purchasing an additional 163,186 shares during the quarter. Exxon Mobil makes up 0.7% of PNC Financial Services Group Inc.’s portfolio, making the stock its 21st largest position. PNC Financial Services Group Inc.’s holdings in Exxon Mobil were worth $1,204,354,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in XOM. Eagle Capital Management LLC lifted its stake in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares during the period. Caxton Associates LLP purchased a new stake in shares of Exxon Mobil in the first quarter worth $305,000. Sivia Capital Partners LLC raised its holdings in Exxon Mobil by 1.9% in the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after buying an additional 207 shares during the last quarter. Castellan Group boosted its stake in Exxon Mobil by 2.9% during the 2nd quarter. Castellan Group now owns 26,470 shares of the oil and gas company’s stock valued at $2,853,000 after purchasing an additional 740 shares during the last quarter. Finally, Sagespring Wealth Partners LLC increased its holdings in Exxon Mobil by 6.2% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 59,830 shares of the oil and gas company’s stock worth $6,450,000 after buying an additional 3,482 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $148.47 on Friday. The company has a 50 day simple moving average of $129.26 and a two-hundred day simple moving average of $118.77. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock has a market cap of $626.12 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 15.44 and a beta of 0.39. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $156.93.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $82.31 billion for the quarter, compared to analyst estimates of $77.98 billion. During the same quarter last year, the firm posted $1.67 EPS. The business’s revenue was down 1.3% on a year-over-year basis. As a group, analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Insider Activity

In related news, VP Darrin L. Talley sold 3,230 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $149.18, for a total transaction of $481,851.40. Following the completion of the transaction, the vice president owned 20,354 shares in the company, valued at approximately $3,036,409.72. The trade was a 13.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 14,230 shares of company stock valued at $1,888,421 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. TD Cowen upped their price target on shares of Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Jefferies Financial Group raised their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Zacks Research upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Sanford C. Bernstein lowered their price objective on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, Citigroup increased their price objective on shares of Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $140.59.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.