Cottage Street Advisors LLC Buys 204 Shares of Exxon Mobil Co. (NYSE:XOM)

Cottage Street Advisors LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,315 shares of the oil and gas company’s stock after buying an additional 204 shares during the quarter. Cottage Street Advisors LLC’s holdings in Exxon Mobil were worth $357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tyler Stone Wealth Management raised its stake in Exxon Mobil by 3.7% in the fourth quarter. Tyler Stone Wealth Management now owns 62,149 shares of the oil and gas company’s stock worth $6,685,000 after buying an additional 2,206 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Exxon Mobil in the 4th quarter valued at $807,000. Aviso Wealth Management raised its position in shares of Exxon Mobil by 15.6% in the 4th quarter. Aviso Wealth Management now owns 13,176 shares of the oil and gas company’s stock worth $1,417,000 after acquiring an additional 1,782 shares in the last quarter. Graney & King LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth $259,000. Finally, Parametrica Management Ltd bought a new stake in Exxon Mobil during the fourth quarter valued at about $250,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on XOM shares. TD Cowen decreased their price target 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. Morgan Stanley upped their target price on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. BMO Capital Markets decreased their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. Barclays lowered their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Finally, UBS Group cut their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $129.15.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Trading Up 0.7 %

NYSE:XOM opened at $116.61 on Wednesday. The company has a market capitalization of $505.99 billion, a PE ratio of 14.87, a P/E/G ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52-week low of $103.67 and a 52-week high of $126.34. The stock’s 50 day moving average price is $110.36 and its 200 day moving average price is $113.61. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 in the previous year, the business earned $2.48 EPS. On average, research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared 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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.