Dumont & Blake Investment Advisors LLC Lowers Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jun 29th, 2023

Dumont & Blake Investment Advisors LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,698 shares of the oil and gas company’s stock after selling 420 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Exxon Mobil were worth $2,160,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its stake in shares of Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after buying an additional 123,254,064 shares during the last quarter. Morgan Stanley grew its stake in shares of Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after buying an additional 5,566,797 shares during the last quarter. Norges Bank bought a new position in shares of Exxon Mobil during the fourth quarter valued at about $5,226,390,000. Price T Rowe Associates Inc. MD grew its stake in shares of Exxon Mobil by 3.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,011,875 shares of the oil and gas company’s stock valued at $4,523,610,000 after buying an additional 1,344,934 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Exxon Mobil by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after buying an additional 560,517 shares during the last quarter. Hedge funds and other institutional investors own 58.59% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $105.41 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $426.17 billion, a P/E ratio of 7.14, a P/E/G ratio of 0.61 and a beta of 1.09. Exxon Mobil Co. has a 12 month low of $80.69 and a 12 month high of $119.92. The business’s 50-day moving average is $107.45 and its 200 day moving average is $109.65.

Exxon Mobil (NYSE:XOM – Free Report) last issued its quarterly 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. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The firm had revenue of $86.56 billion for the quarter, compared to the consensus estimate of $90.07 billion. During the same period in the prior year, the business posted $2.07 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 annualized dividend and a yield of 3.45%. Exxon Mobil’s dividend payout ratio (DPR) is currently 24.64%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on XOM. The Goldman Sachs Group cut Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research note on Monday, May 1st. HSBC raised their target price on Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research note on Thursday, April 20th. UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the stock from $125.00 to $144.00 in a research note on Tuesday, April 18th. StockNews.com began coverage on Exxon Mobil in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Morgan Stanley raised their target price on Exxon Mobil from $118.00 to $122.00 in a research note on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.70.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the sale, the vice president now owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is owned by insiders.

Exxon Mobil 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.