Pinnacle Advisory Group Inc. Purchases 9,817 Shares of Exxon Mobil Co. (NYSE:XOM)

Pinnacle Advisory Group Inc. increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 96.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,993 shares of the oil and gas company’s stock after buying an additional 9,817 shares during the period. Pinnacle Advisory Group Inc.’s holdings in Exxon Mobil were worth $1,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Horan Securities Inc. increased its stake in shares of Exxon Mobil by 110.6% in the fourth quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 313 shares during the period. Atlas Capital Advisors LLC lifted its position in shares of Exxon Mobil by 102.9% in the 1st quarter. Atlas Capital Advisors LLC now owns 493 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 250 shares during the period. Mach 1 Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter valued at $29,000. Canton Hathaway LLC increased its position in shares of Exxon Mobil by 500.0% during the first quarter. Canton Hathaway LLC now owns 720 shares of the oil and gas company’s stock worth $40,000 after buying an additional 600 shares during the period. Finally, Luken Investment Analytics LLC bought a new position in Exxon Mobil during the fourth quarter worth $41,000. 51.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of XOM opened at $62.75 on Friday. Exxon Mobil Co. has a 52-week low of $31.11 and a 52-week high of $64.02. The business’s 50-day moving average is $58.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.80 and a quick ratio of 0.50. The stock has a market cap of $265.65 billion, a PE ratio of -14.04, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Thursday, April 29th. The oil and gas company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.06. Exxon Mobil had a negative return on equity of 0.48% and a negative net margin of 10.35%. The firm had revenue of $59.15 billion for the quarter, compared to analysts’ expectations of $55.36 billion. During the same period in the prior year, the business posted ($0.14) earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. As a group, research analysts predict that Exxon Mobil Co. will post 3.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Thursday, May 13th were given a dividend of $0.87 per share. The ex-dividend date was Wednesday, May 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.55%. Exxon Mobil’s dividend payout ratio (DPR) is currently -1,054.55%.

Several analysts have recently commented on XOM shares. Citigroup raised their price objective on shares of Exxon Mobil from $44.00 to $53.00 in a research report on Thursday, March 4th. Truist lifted their price target on shares of Exxon Mobil from $60.00 to $64.00 in a research note on Monday, May 3rd. MKM Partners increased their price objective on shares of Exxon Mobil from $56.00 to $60.00 in a research report on Thursday, March 4th. Evercore ISI began coverage on Exxon Mobil in a research note on Tuesday, February 23rd. They issued an “inline” rating and a $48.00 target price for the company. Finally, Barclays upped their price target on Exxon Mobil from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, June 3rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $56.41.

About Exxon Mobil

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; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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