BayBridge Capital Group LLC Takes $1.03 Million Position in Exxon Mobil Co. (NYSE:XOM)

BayBridge Capital Group LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 9,526 shares of the oil and gas company’s stock, valued at approximately $1,025,000.

Several other institutional investors have also added to or reduced their stakes in XOM. Paladin Wealth LLC purchased a new stake in Exxon Mobil during the 3rd quarter valued at $151,000. Fiduciary Alliance LLC boosted its position in Exxon Mobil by 217.5% during the 3rd quarter. Fiduciary Alliance LLC now owns 66,757 shares of the oil and gas company’s stock valued at $7,825,000 after buying an additional 45,734 shares during the period. Wedge Capital Management L L P NC boosted its position in Exxon Mobil by 1.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 7,077 shares of the oil and gas company’s stock valued at $830,000 after buying an additional 126 shares during the period. Sivia Capital Partners LLC boosted its position in Exxon Mobil by 4.8% during the 3rd quarter. Sivia Capital Partners LLC now owns 10,920 shares of the oil and gas company’s stock valued at $1,280,000 after buying an additional 501 shares during the period. Finally, CX Institutional boosted its position in Exxon Mobil by 8.3% during the 3rd quarter. CX Institutional now owns 82,946 shares of the oil and gas company’s stock valued at $9,723,000 after buying an additional 6,332 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XOM. Bank of America began coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. Scotiabank dropped their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. The Goldman Sachs Group dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. TD Cowen dropped their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Finally, Bernstein Bank raised their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Stock Up 0.7 %

NYSE:XOM opened at $111.71 on Wednesday. The firm has a market cap of $490.98 billion, a P/E ratio of 14.25, a P/E/G ratio of 2.94 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a fifty-two week low of $100.42 and a fifty-two week high of $126.34. The firm has a 50-day simple moving average of $109.28 and a two-hundred day simple moving average of $114.92.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 quarter in the prior year, the business earned $2.48 EPS. Analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

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.