Exxon Mobil Co. (NYSE:XOM) Shares Sold by Pin Oak Investment Advisors Inc.

Pin Oak Investment Advisors Inc. lowered its holdings in Exxon Mobil Co. (NYSE:XOM) by 3.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,031 shares of the oil and gas company’s stock after selling 1,098 shares during the quarter. Exxon Mobil accounts for 3.8% of Pin Oak Investment Advisors Inc.’s holdings, making the stock its 5th biggest position. Pin Oak Investment Advisors Inc.’s holdings in Exxon Mobil were worth $4,223,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in XOM. WFA Asset Management Corp lifted its holdings in shares of Exxon Mobil by 18.2% in the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after buying an additional 414 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Exxon Mobil by 29.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock valued at $390,000 after acquiring an additional 762 shares during the period. Austin Wealth Management LLC boosted its position in Exxon Mobil by 32.3% in the 1st quarter. Austin Wealth Management LLC now owns 6,680 shares of the oil and gas company’s stock worth $771,000 after purchasing an additional 1,629 shares in the last quarter. Invst LLC increased its holdings in shares of Exxon Mobil by 6.0% during the 1st quarter. Invst LLC now owns 11,163 shares of the oil and gas company’s stock valued at $1,306,000 after purchasing an additional 636 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Exxon Mobil by 194.1% in the 1st quarter. Cetera Investment Advisers now owns 1,234,355 shares of the oil and gas company’s stock valued at $143,481,000 after purchasing an additional 814,635 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.3 %

NYSE:XOM opened at $117.66 on Thursday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average is $119.67 and its two-hundred day moving average is $116.57. The stock has a market capitalization of $517.13 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 5.04 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the firm earned $2.27 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Research analysts anticipate that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.37%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Wells Fargo & Company lifted their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. BMO Capital Markets increased their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Truist Financial cut their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Finally, TD Cowen increased their target price on Exxon Mobil from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.