Bay Colony Advisory Group Inc d b a Bay Colony Advisors Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,576 shares of the oil and gas company’s stock after purchasing an additional 367 shares during the period. Exxon Mobil makes up 1.0% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings, making the stock its 21st biggest position. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Exxon Mobil were worth $4,957,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KB Financial Partners LLC acquired a new stake in Exxon Mobil during the first quarter valued at $27,000. IMA Wealth Inc. grew its position in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 324 shares during the period. FWL Investment Management LLC acquired a new stake in Exxon Mobil during the fourth quarter valued at $43,000. Turim 21 Investimentos Ltda. grew its position in shares of Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares during the period. Finally, Studio Investment Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $49,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several research analyst reports. Barclays initiated coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. UBS Group lifted their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their target price for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. TD Cowen lifted their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Mizuho reiterated a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.44.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is owned by insiders.

Exxon Mobil Price Performance

Shares of XOM stock opened at $118.69 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm’s 50-day moving average is $110.57 and its two-hundred day moving average is $106.13. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a market capitalization of $469.81 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 4.15 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same period in the previous year, the firm earned $3.40 earnings per share. Exxon Mobil’s quarterly revenue was down 11.6% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 9.61 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

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.