Mezzasalma Advisors LLC Has $3.26 Million Stock Position in Exxon Mobil Corporation $XOM

Mezzasalma Advisors LLC raised its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 30,244 shares of the oil and gas company’s stock after acquiring an additional 1,125 shares during the period. Exxon Mobil comprises approximately 1.0% of Mezzasalma Advisors LLC’s holdings, making the stock its 26th biggest position. Mezzasalma Advisors LLC’s holdings in Exxon Mobil were worth $3,260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sigma Investment Counselors Inc. increased its position in Exxon Mobil by 3.6% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 51,264 shares of the oil and gas company’s stock valued at $5,526,000 after acquiring an additional 1,775 shares during the period. Planned Solutions Inc. increased its position in Exxon Mobil by 2.8% in the 2nd quarter. Planned Solutions Inc. now owns 4,112 shares of the oil and gas company’s stock valued at $443,000 after acquiring an additional 113 shares during the period. Financial Synergies Wealth Advisors Inc. increased its position in Exxon Mobil by 5.7% in the 2nd quarter. Financial Synergies Wealth Advisors Inc. now owns 50,556 shares of the oil and gas company’s stock valued at $5,450,000 after acquiring an additional 2,730 shares during the period. Dumont & Blake Investment Advisors LLC increased its position in shares of Exxon Mobil by 0.6% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 18,239 shares of the oil and gas company’s stock worth $1,966,000 after buying an additional 104 shares during the period. Finally, First Bancorp Inc ME increased its position in shares of Exxon Mobil by 5.8% during the second quarter. First Bancorp Inc ME now owns 21,251 shares of the oil and gas company’s stock worth $2,291,000 after buying an additional 1,159 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 0.4%

Shares of NYSE XOM opened at $112.68 on Tuesday. The firm has a market cap of $480.38 billion, a PE ratio of 16.01, a P/E/G ratio of 2.01 and a beta of 0.51. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The company’s fifty day simple moving average is $111.97 and its 200 day simple moving average is $109.22. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is presently 56.25%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on XOM. Bank of America increased their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. UBS Group increased their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Melius Research began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Finally, Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.58.

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.