Pettinga Financial Advisors LLC Decreases Holdings in Exxon Mobil Co. (NYSE:XOM)

Pettinga Financial Advisors LLC lowered its stake in Exxon Mobil Co. (NYSE:XOM) by 8.8% in the 4th quarter, HoldingsChannel reports. 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.

Several other large investors also recently added to or reduced their stakes in XOM. KB Financial Partners LLC purchased a new stake in Exxon Mobil in the 1st quarter worth about $27,000. IMA Wealth Inc. raised its holdings in shares of Exxon Mobil by 720.0% in the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after buying an additional 324 shares during the period. FWL Investment Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $43,000. Turim 21 Investimentos Ltda. boosted its holdings in Exxon Mobil by 222.5% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. bought a new position in Exxon Mobil in the 3rd quarter valued at $49,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE:XOM traded up $1.26 on Thursday, hitting $116.23. 10,280,997 shares of the company were exchanged, compared to its average volume of 18,348,930. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $104.98 and its 200 day moving average price is $105.89. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $120.70. The firm has a market capitalization of $461.18 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued 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 dividend payout ratio (DPR) is currently 42.74%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, December 8th. Piper Sandler reduced their price objective on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Mizuho increased their price target on Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Finally, Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.18.

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.