Pitti Group Wealth Management LLC Sells 14,372 Shares of Exxon Mobil Co. (NYSE:XOM)

Pitti Group Wealth Management LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM) by 43.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,872 shares of the oil and gas company’s stock after selling 14,372 shares during the period. Exxon Mobil accounts for approximately 2.1% of Pitti Group Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. Pitti Group Wealth Management LLC’s holdings in Exxon Mobil were worth $2,030,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth approximately $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the 4th quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the 4th quarter worth $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the 4th quarter worth $47,000. Finally, Peterson Financial Group Inc. bought a new position in Exxon Mobil during the 3rd quarter worth $51,000. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on XOM shares. Scotiabank lowered their price objective on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. TD Cowen lowered their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. lowered their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Mizuho lowered their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Argus raised Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Trading Up 3.0 %

NYSE XOM opened at $111.98 on Monday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The company has a market cap of $485.90 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The business’s fifty day moving average is $109.34 and its 200 day moving average is $113.63.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the company posted $2.48 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.54%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

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.