Skylands Capital LLC Has $5.07 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Skylands Capital LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM) by 12.0% during the 4th quarter, Holdings Channel reports. The firm owned 47,082 shares of the oil and gas company’s stock after selling 6,400 shares during the period. Skylands Capital LLC’s holdings in Exxon Mobil were worth $5,065,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil in the 4th quarter worth $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil in the 4th quarter worth $47,000. Compass Financial Services Inc bought a new position in shares of Exxon Mobil in the 4th quarter worth $48,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil in the 3rd quarter worth $51,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on XOM shares. Scotiabank reduced their price target on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Piper Sandler reduced their target price on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Finally, Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Price Performance

NYSE:XOM opened at $109.43 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The stock’s 50-day simple moving average is $108.75 and its 200 day simple moving average is $114.34. The company has a market cap of $474.84 billion, a P/E ratio of 13.96, a P/E/G ratio of 3.02 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $103.85 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results 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 net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the company posted $2.48 earnings per share. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.