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

Hilton Capital Management LLC reduced its position in Exxon Mobil Co. (NYSE:XOM) by 23.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,220 shares of the oil and gas company’s stock after selling 1,002 shares during the quarter. Hilton Capital Management LLC’s holdings in Exxon Mobil were worth $346,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of XOM. Fairway Wealth LLC bought a new position in Exxon Mobil during the fourth quarter worth $31,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the fourth quarter worth $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil during the fourth quarter worth $47,000. Finally, Synergy Investment Management LLC bought a new position in Exxon Mobil during the fourth quarter worth $47,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $111.98 on Friday. Exxon Mobil Co. has a one year low of $103.67 and a one year high of $126.34. The firm has a 50-day moving average of $109.34 and a 200-day moving average of $113.68. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company has a market cap of $485.90 billion, a P/E ratio of 14.28, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the previous year, the company posted $2.48 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Scotiabank lowered their price objective on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Bernstein Bank upped their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Morgan Stanley upped their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have assigned 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insider Buying and Selling

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

Exxon Mobil 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.