Hilton Capital Management LLC Sells 1,002 Shares of Exxon Mobil Co. (NYSE:XOM)

Hilton Capital Management LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 23.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,220 shares of the oil and gas company’s stock after selling 1,002 shares during the period. Hilton Capital Management LLC’s holdings in Exxon Mobil were worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $31,000. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $47,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil in the third quarter valued at approximately $51,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. Truist Financial lifted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. TD Cowen dropped their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Bernstein Bank lifted their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $129.25.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Up 3.0 %

Shares of NYSE XOM opened at $111.98 on Friday. 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 52 week low of $103.67 and a 52 week high of $126.34. The firm’s fifty day moving average is $109.34 and its 200 day moving average is $113.68. The company has a market cap of $485.90 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results 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 quarter in the prior year, the firm posted $2.48 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

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.