Dumont & Blake Investment Advisors LLC Sells 18,779 Shares of Exxon Mobil Co. (NYSE:XOM)

Dumont & Blake Investment Advisors LLC decreased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 50.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,465 shares of the oil and gas company’s stock after selling 18,779 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Exxon Mobil were worth $2,164,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in XOM. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil in the 1st quarter valued at about $25,000. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $35,000. Anfield Capital Management LLC grew its holdings in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC bought a new position in Exxon Mobil during the second quarter worth about $39,000. Finally, POM Investment Strategies LLC increased its position in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.1 %

Shares of XOM opened at $119.49 on Friday. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $126.34. The firm has a 50 day simple moving average of $117.54 and a two-hundred day simple moving average of $116.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The company has a market cap of $471.15 billion, a P/E ratio of 14.29, a P/E/G ratio of 5.00 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 EPS. Research analysts forecast that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 45.45%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on XOM shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 8th. Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Wolfe Research started coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Sanford C. Bernstein decreased their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, BMO Capital Markets raised their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $131.44.

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.