Pitcairn Co. Cuts Stock Position in Exxon Mobil Corporation $XOM

Pitcairn Co. reduced its stake in Exxon Mobil by 31.8%, selling 15,296 shares, though other major institutions like Norges Bank and First Trust significantly increased their holdings. Exxon Mobil recently reported Q3 EPS of $1.71, beating estimates, with revenues of $80.04 billion and announced a quarterly dividend of $1.03. Analysts maintain a “Hold” rating for XOM with a consensus target price of $143.41, with 61.80% of the stock owned by institutional investors.