Dumont & Blake Investment Advisors LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,631 shares of the oil and gas company’s stock after selling 147 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Exxon Mobil were worth $2,166,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Exxon Mobil by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after buying an additional 1,269,495 shares in the last quarter. Norges Bank acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at $5,519,753,000. Morgan Stanley increased its stake in shares of Exxon Mobil by 2.0% in the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after buying an additional 1,066,937 shares in the last quarter. Capital International Investors increased its stake in shares of Exxon Mobil by 22.8% in the fourth quarter. Capital International Investors now owns 21,988,523 shares of the oil and gas company’s stock valued at $2,198,413,000 after buying an additional 4,084,458 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in Exxon Mobil by 6.0% in the fourth quarter. Capital Research Global Investors now owns 18,388,299 shares of the oil and gas company’s stock valued at $1,838,462,000 after acquiring an additional 1,037,226 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on XOM. UBS Group raised their price target on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. TD Cowen raised their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. HSBC raised their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Truist Financial reiterated a “hold” rating and issued a $124.00 price target (down previously from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Finally, Morgan Stanley restated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $133.82.
Get Our Latest Stock Report on XOMExxon Mobil Stock Down 0.1 %
XOM stock opened at $114.96 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $453.29 billion, a PE ratio of 14.09, a PEG ratio of 4.14 and a beta of 0.91. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The business’s 50 day simple moving average is $115.25 and its 200 day simple moving average is $109.72.
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.83 earnings per share. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.28 EPS for the current year.
Exxon Mobil Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.31%. Exxon Mobil’s payout ratio is 46.57%.
Insider Activity
In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.
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.
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