Sky Investment Group LLC Buys 870 Shares of Exxon Mobil Co. (NYSE:XOM)

Sky Investment Group LLC grew its stake in Exxon Mobil Co. (NYSE:XOM) by 1.0% in the first quarter, HoldingsChannel reports. The fund owned 84,952 shares of the oil and gas company’s stock after acquiring an additional 870 shares during the period. Exxon Mobil accounts for 1.9% of Sky Investment Group LLC’s holdings, making the stock its 14th largest position. Sky Investment Group LLC’s holdings in Exxon Mobil were worth $10,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. 10Elms LLP bought a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $32,000. Compass Planning Associates Inc bought a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $47,000. Finally, Clarity Asset Management Inc. raised its stake in shares of Exxon Mobil by 29.7% during the fourth quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company’s stock worth $47,000 after buying an additional 100 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on XOM shares. Mizuho decreased their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Scotiabank decreased their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. UBS Group decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a report on Monday, April 14th. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. Finally, Piper Sandler cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $109.71 on Friday. The company’s fifty day simple moving average is $105.28 and its 200-day simple moving average is $108.82. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $472.81 billion, a PE ratio of 13.99, a P/E/G ratio of 3.02 and a beta of 0.49. Exxon Mobil Co. has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 earnings per share. Equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio is currently 52.52%.

About Exxon Mobil

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.