Exxon Mobil Co. (NYSE:XOM) Shares Sold by Pettinga Financial Advisors LLC

Pettinga Financial Advisors LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,177 shares of the oil and gas company’s stock after selling 693 shares during the period. Pettinga Financial Advisors LLC’s holdings in Exxon Mobil were worth $718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of XOM. Well Done LLC lifted its position in Exxon Mobil by 1.4% during the fourth quarter. Well Done LLC now owns 12,614 shares of the oil and gas company’s stock worth $1,261,000 after buying an additional 178 shares during the period. WASHINGTON TRUST Co increased its stake in shares of Exxon Mobil by 1.3% during the 4th quarter. WASHINGTON TRUST Co now owns 41,698 shares of the oil and gas company’s stock valued at $4,169,000 after acquiring an additional 555 shares during the last quarter. LaFleur & Godfrey LLC lifted its holdings in shares of Exxon Mobil by 29.1% during the 4th quarter. LaFleur & Godfrey LLC now owns 94,796 shares of the oil and gas company’s stock worth $9,478,000 after acquiring an additional 21,355 shares during the period. Deane Retirement Strategies Inc. boosted its position in shares of Exxon Mobil by 5.3% in the fourth quarter. Deane Retirement Strategies Inc. now owns 38,010 shares of the oil and gas company’s stock worth $3,800,000 after acquiring an additional 1,902 shares during the last quarter. Finally, Procyon Advisors LLC grew its holdings in Exxon Mobil by 123.2% in the fourth quarter. Procyon Advisors LLC now owns 41,952 shares of the oil and gas company’s stock valued at $4,194,000 after purchasing an additional 23,160 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

Exxon Mobil Stock Up 1.1 %

Shares of NYSE:XOM traded up $1.26 during trading on Thursday, hitting $116.23. The company’s stock had a trading volume of 10,280,997 shares, compared to its average volume of 18,348,930. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $120.70. The stock’s 50-day moving average price is $104.98 and its two-hundred day moving average price is $105.89. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The company has a market capitalization of $461.18 billion, a PE ratio of 12.99, a PEG ratio of 4.17 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same period in the prior year, the company posted $3.40 EPS. Exxon Mobil’s quarterly revenue was down 11.6% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on XOM shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Tuesday, January 23rd. UBS Group decreased their target price on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $128.18.

About Exxon Mobil

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.