First Commonwealth Financial Corp PA Buys 357 Shares of Exxon Mobil Co. (NYSE:XOM)

First Commonwealth Financial Corp PA increased its stake in Exxon Mobil Co. (NYSE:XOM) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,218 shares of the oil and gas company’s stock after purchasing an additional 357 shares during the period. First Commonwealth Financial Corp PA’s holdings in Exxon Mobil were worth $667,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Your Advocates Ltd. LLP raised its position in shares of Exxon Mobil by 0.7% during the 1st quarter. Your Advocates Ltd. LLP now owns 12,178 shares of the oil and gas company’s stock valued at $1,335,000 after acquiring an additional 86 shares during the last quarter. Intrepid Capital Management Inc. raised its position in shares of Exxon Mobil by 1.2% during the 2nd quarter. Intrepid Capital Management Inc. now owns 7,928 shares of the oil and gas company’s stock valued at $850,000 after acquiring an additional 92 shares during the last quarter. Lee Financial Co raised its position in shares of Exxon Mobil by 0.5% during the 2nd quarter. Lee Financial Co now owns 20,454 shares of the oil and gas company’s stock valued at $2,194,000 after acquiring an additional 94 shares during the last quarter. WPWealth LLP raised its position in shares of Exxon Mobil by 1.2% during the 1st quarter. WPWealth LLP now owns 8,419 shares of the oil and gas company’s stock valued at $923,000 after acquiring an additional 97 shares during the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC grew its holdings in shares of Exxon Mobil by 1.5% in the 1st quarter. Fi3 FINANCIAL ADVISORS LLC now owns 6,741 shares of the oil and gas company’s stock valued at $739,000 after buying an additional 98 shares during the period. Institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XOM. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Thursday, October 12th. Bank of America boosted their price target on shares of Exxon Mobil from $145.00 to $150.00 in a report on Wednesday, September 27th. JPMorgan Chase & Co. decreased their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a report on Wednesday, October 25th. HSBC boosted their price target on shares of Exxon Mobil from $110.00 to $116.00 in a report on Wednesday, August 9th. Finally, Jefferies Financial Group upped their target price on shares of Exxon Mobil from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, October 12th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Stock Performance

XOM traded up $2.50 on Friday, reaching $104.96. The company had a trading volume of 22,991,823 shares, compared to its average volume of 16,943,852. The stock has a market cap of $415.95 billion, a P/E ratio of 10.42, a P/E/G ratio of 3.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.08 and a current ratio of 1.42. Exxon Mobil Co. has a fifty-two week low of $98.02 and a fifty-two week high of $120.70. The company’s fifty day moving average is $110.60 and its 200 day moving average is $108.07.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 27th. The oil and gas company reported $2.27 EPS for the quarter, missing the consensus estimate of $2.36 by ($0.09). The firm had revenue of $90.76 billion during the quarter, compared to analyst estimates of $93.41 billion. Exxon Mobil had a net margin of 11.56% and a return on equity of 20.72%. Exxon Mobil’s revenue for the quarter was down 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.45 EPS. As a group, analysts predict that Exxon Mobil Co. will post 9.3 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.62%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.91. Exxon Mobil’s dividend payout ratio (DPR) is currently 37.74%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the sale, the vice president now owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jeffrey W. Ubben acquired 250,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $105.97 per share, with a total value of $26,492,500.00. Following the completion of the transaction, the director now directly owns 2,077,000 shares of the company’s stock, valued at approximately $220,099,690. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the transaction, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

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.