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

Orrstown Financial Services Inc. reduced its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 18.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,018 shares of the oil and gas company’s stock after selling 1,323 shares during the period. Orrstown Financial Services Inc.’s holdings in Exxon Mobil were worth $497,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Crestwood Advisors Group LLC lifted its holdings in shares of Exxon Mobil by 19.4% in the 4th quarter. Crestwood Advisors Group LLC now owns 80,324 shares of the oil and gas company’s stock valued at $4,915,000 after purchasing an additional 13,073 shares during the last quarter. Green Square Capital Advisors LLC raised its stake in Exxon Mobil by 3.4% during the 4th quarter. Green Square Capital Advisors LLC now owns 41,690 shares of the oil and gas company’s stock valued at $2,551,000 after acquiring an additional 1,352 shares during the last quarter. Allied Investment Advisors LLC raised its stake in Exxon Mobil by 0.5% during the 1st quarter. Allied Investment Advisors LLC now owns 121,494 shares of the oil and gas company’s stock valued at $10,034,000 after acquiring an additional 618 shares during the last quarter. EP Wealth Advisors LLC raised its stake in Exxon Mobil by 0.8% during the 4th quarter. EP Wealth Advisors LLC now owns 517,240 shares of the oil and gas company’s stock valued at $31,650,000 after acquiring an additional 4,314 shares during the last quarter. Finally, Byrne Asset Management LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at approximately $301,000. 54.07% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:XOM opened at $87.86 on Thursday. The business’s fifty day moving average price is $91.53 and its two-hundred day moving average price is $80.64. The stock has a market cap of $370.11 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.35 and a beta of 1.05. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. Exxon Mobil Co. has a one year low of $52.10 and a one year high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings results 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 return on equity of 16.97% and a net margin of 8.14%. The business had revenue of $90.50 billion for the quarter, compared to analysts’ expectations of $83.57 billion. During the same period in the prior year, the company earned $0.65 EPS. The company’s revenue for the quarter was up 53.0% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Co. will post 10.26 earnings per share for the current fiscal year.

The firm also recently declared 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 dividend on an annualized basis and a dividend 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%.

Several analysts have commented on the company. Citigroup upped their price objective on Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, May 19th. Cowen boosted their target price on Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Truist Financial boosted their target price on Exxon Mobil from $75.00 to $84.00 in a research report on Thursday, April 21st. Evercore ISI upgraded 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 report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, BMO Capital Markets boosted their target price on Exxon Mobil from $73.00 to $86.00 and gave the stock a “hold” rating in a research report on Thursday, March 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $89.24.

In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the 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 transaction, the vice president now owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the 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 in the company, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. Corporate 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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