Hilton Capital Management LLC Invests $420,000 in Exxon Mobil Co. (NYSE:XOM)

Hilton Capital Management LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,081 shares of the oil and gas company’s stock, valued at approximately $420,000.

Several other large investors also recently made changes to their positions in the business. Guardian Wealth Management Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $30,000. Horan Securities Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $31,000. West Bancorporation Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter worth about $32,000. Nvwm LLC raised its position in shares of Exxon Mobil by 100.0% during the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 300 shares during the period. Finally, Core Wealth Advisors Inc. raised its position in shares of Exxon Mobil by 454.5% during the fourth quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 500 shares during the period. Institutional investors own 54.07% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $87.19 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Exxon Mobil Co. has a 12 month low of $52.10 and a 12 month high of $105.57. The stock has a 50 day moving average of $91.11 and a 200-day moving average of $85.81. The company has a market capitalization of $367.29 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.32 and a beta of 1.09.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The company had revenue of $115.68 billion during the quarter, compared to the consensus estimate of $111.67 billion. During the same period in the previous year, the company posted $1.10 EPS. The firm’s revenue for the quarter was up 70.8% compared to the same quarter last year. As a group, equities research analysts predict that Exxon Mobil Co. will post 12.24 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 annualized dividend and a yield of 4.04%. Exxon Mobil’s payout ratio is currently 38.51%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the transaction, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the transaction, the vice president now directly owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,147 shares of company stock valued at $698,858. Insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Royal Bank of Canada upgraded Exxon Mobil from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $90.00 to $100.00 in a report on Thursday, April 21st. Morgan Stanley decreased their price objective on Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. Argus increased their price objective on Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. Finally, StockNews.com downgraded Exxon Mobil from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $96.40.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.