Exxon Mobil Co. (NYSE:XOM) Shares Sold by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Posted by Defense World Staff on Jul 21st, 2023

Bay Colony Advisory Group Inc d b a Bay Colony Advisors cut its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 9.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 46,946 shares of the oil and gas company’s stock after selling 4,653 shares during the period. Exxon Mobil comprises approximately 1.4% of Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings, making the stock its 14th biggest position. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Exxon Mobil were worth $5,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Stone House Investment Management LLC bought a new stake in Exxon Mobil in the 1st quarter valued at about $25,000. Dark Forest Capital Management LP bought a new stake in Exxon Mobil in the 4th quarter valued at about $27,000. Corrado Advisors LLC bought a new stake in Exxon Mobil in the 4th quarter valued at about $28,000. Koesten Hirschmann & Crabtree INC. bought a new stake in Exxon Mobil in the 4th quarter valued at about $36,000. Finally, Financial Connections Group Inc. lifted its position in Exxon Mobil by 1,207.1% in the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 338 shares during the last quarter. 58.59% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $103.40 on Friday. The firm’s 50 day simple moving average is $104.97 and its 200-day simple moving average is $109.31. The company has a market cap of $418.05 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10. Exxon Mobil Co. has a fifty-two week low of $83.89 and a fifty-two week high of $119.92.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.18. The business had revenue of $86.56 billion for the quarter, compared to the consensus estimate of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $2.07 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 9.45 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s payout ratio is presently 24.64%.

Analyst Ratings Changes

Several analysts recently weighed in on XOM shares. The Goldman Sachs Group downgraded shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research report on Monday, May 1st. Scotiabank downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $140.00 to $135.00 in a research report on Thursday, April 13th. Jefferies Financial Group dropped their price target on shares of Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. Royal Bank of Canada restated a “sector perform” rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Wednesday. Finally, Wolfe Research downgraded shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Hold” and an average price target of $124.66.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the transaction, the vice president now directly owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.04% of the stock is currently owned by insiders.

Exxon Mobil Company Profile

(Free Report)

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.