Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 2,288 Shares of Exxon Mobil Corporation (NYSE:XOM)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors decreased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,164 shares of the oil and gas company's stock after selling 2,288 shares during the period. Exxon Mobil accounts for about 0.9% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors' portfolio, making the stock its 20th biggest holding. Bay Colony Advisory Group Inc d b a Bay Colony Advisors' holdings in Exxon Mobil were worth $5,788,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Tallon Kerry Patrick bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $789,000. Union Bancaire Privee UBP SA purchased a new position in Exxon Mobil during the fourth quarter valued at $48,348,000. SOA Wealth Advisors LLC. increased its holdings in Exxon Mobil by 29.5% in the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock valued at $753,000 after acquiring an additional 1,595 shares during the last quarter. MOKAN Wealth Management Inc. purchased a new stake in Exxon Mobil in the 4th quarter worth $555,000. Finally, Valmark Advisers Inc. lifted its stake in Exxon Mobil by 20.4% in the 4th quarter. Valmark Advisers Inc. now owns 65,009 shares of the oil and gas company's stock worth $6,993,000 after purchasing an additional 11,013 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $113.20 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a market capitalization of $487.84 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 2.26 and a beta of 0.49. The firm's 50-day moving average is $106.32 and its 200 day moving average is $108.66.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the prior year, the firm posted $2.06 earnings per share. The company's quarterly revenue was up .1% on a year-over-year basis. Research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. Morgan Stanley cut their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research report on Thursday, March 27th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler downgraded Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Mizuho cut their target price 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.50.

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.

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