Bay Capital Advisors LLC Invests $739,000 in Exxon Mobil Co. (NYSE:XOM)

Bay Capital Advisors LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,871 shares of the oil and gas company’s stock, valued at approximately $739,000.

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

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $115.81 on Tuesday. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year high of $126.34. The company’s 50-day moving average is $110.22 and its two-hundred day moving average is $113.58. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market cap of $502.52 billion, a PE ratio of 14.77, a PEG ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last released its earnings results 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the business posted $2.48 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 7.43 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 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.42%. Exxon Mobil’s payout ratio is 50.51%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays reduced their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Mizuho decreased their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. TD Cowen dropped their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. The Goldman Sachs Group decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.15.

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.