First Commonwealth Financial Corp PA Buys 652 Shares of Exxon Mobil Co. (NYSE:XOM)

First Commonwealth Financial Corp PA increased its stake in Exxon Mobil Co. (NYSE:XOM) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,324 shares of the oil and gas company’s stock after acquiring an additional 652 shares during the period. First Commonwealth Financial Corp PA’s holdings in Exxon Mobil were worth $1,326,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of XOM. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth $31,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil in the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil during the 4th quarter worth about $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil during the 4th quarter valued at about $47,000. Finally, Synergy Investment Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter valued at about $47,000. Institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Truist Financial upped their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. The Goldman Sachs Group cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Finally, Mizuho cut their target price on Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.75.

Exxon Mobil Price Performance

XOM stock opened at $104.18 on Thursday. The stock has a 50-day moving average price of $110.00 and a two-hundred day moving average price of $112.97. Exxon Mobil Co. has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a market cap of $450.61 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business posted $2.48 earnings per share. Equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Exxon Mobil Company 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.