Exxon Mobil Co. (NYSE:XOM) Stock Holdings Decreased by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 757,444 shares of the oil and gas company’s stock after selling 2,321 shares during the quarter. Exxon Mobil accounts for about 1.2% of Peapack Gladstone Financial Corp’s holdings, making the stock its 14th biggest holding. Peapack Gladstone Financial Corp’s holdings in Exxon Mobil were worth $81,479,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Fairway Wealth LLC bought a new stake in Exxon Mobil during the fourth quarter valued at $31,000. Keystone Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $46,000. Compass Planning Associates Inc bought a new position in Exxon Mobil in the fourth quarter worth about $47,000. Finally, Synergy Investment Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $47,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 7.3 %

NYSE XOM opened at $104.17 on Friday. The company has a market capitalization of $452.01 billion, a P/E ratio of 13.29, a PEG ratio of 3.02 and a beta of 0.60. Exxon Mobil Co. has a 12 month low of $103.67 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The company’s 50 day simple moving average is $111.16 and its 200 day simple moving average is $113.81.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 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 EPS. Equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.80%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. Truist Financial raised their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. BMO Capital Markets lowered their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. HSBC cut their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. UBS Group decreased their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $128.80.

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.