Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Sky Investment Group LLC

Sky Investment Group LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 0.6% in the fourth quarter, Holdings Channel reports. The fund owned 84,082 shares of the oil and gas company’s stock after purchasing an additional 511 shares during the period. Exxon Mobil accounts for about 1.7% of Sky Investment Group LLC’s portfolio, making the stock its 18th largest holding. Sky Investment Group LLC’s holdings in Exxon Mobil were worth $9,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter worth $46,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth about $51,000. Highline Wealth Partners LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth about $54,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth about $63,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $109.46 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a twelve month low of $96.73 and a twelve month high of $126.34. The stock has a 50 day moving average of $112.22 and a two-hundred day moving average of $115.48. The stock has a market cap of $481.07 billion, a P/E ratio of 13.63, a P/E/G ratio of 2.98 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 49.32%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on XOM shares. Barclays cut their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. Finally, Wells Fargo & Company lifted their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

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.