Hilton Capital Management LLC Has $495,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Hilton Capital Management LLC cut its position in Exxon Mobil Co. (NYSE:XOM) by 9.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,222 shares of the oil and gas company’s stock after selling 455 shares during the period. Hilton Capital Management LLC’s holdings in Exxon Mobil were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in XOM. WFA Asset Management Corp increased its position in shares of Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 414 shares during the period. China Universal Asset Management Co. Ltd. bought a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $933,000. Capital Group Private Client Services Inc. lifted its holdings in shares of Exxon Mobil by 829.7% during the 1st quarter. Capital Group Private Client Services Inc. now owns 124,897 shares of the oil and gas company’s stock worth $14,518,000 after acquiring an additional 111,463 shares during the period. Capital International Inc. CA increased its stake in Exxon Mobil by 76.2% in the first quarter. Capital International Inc. CA now owns 156,169 shares of the oil and gas company’s stock valued at $18,153,000 after acquiring an additional 67,531 shares during the last quarter. Finally, Capital International Sarl acquired a new position in Exxon Mobil during the first quarter valued at approximately $358,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays decreased their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. UBS Group dropped their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Finally, Morgan Stanley cut their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.21.

Exxon Mobil Stock Performance

NYSE XOM opened at $120.35 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market capitalization of $528.95 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a 50-day simple moving average of $118.96 and a 200 day simple moving average of $116.47.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the business earned $2.27 earnings per share. On average, research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.29%. Exxon Mobil’s dividend payout ratio is currently 49.32%.

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.