Exxon Mobil Co. (NYSE:XOM) is Sunbelt Securities Inc.'s Largest Position

Sunbelt Securities Inc. grew its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 433.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 804,878 shares of the oil and gas company's stock after buying an additional 654,123 shares during the quarter. Exxon Mobil accounts for 7.5% of Sunbelt Securities Inc.'s investment portfolio, making the stock its biggest position. Sunbelt Securities Inc.'s holdings in Exxon Mobil were worth $85,124,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Tallon Kerry Patrick purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at $789,000. MassMutual Private Wealth & Trust FSB lifted its stake in Exxon Mobil by 4.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 138,833 shares of the oil and gas company's stock worth $14,934,000 after purchasing an additional 5,693 shares during the last quarter. Zhang Financial LLC boosted its position in Exxon Mobil by 6.3% during the fourth quarter. Zhang Financial LLC now owns 13,820 shares of the oil and gas company's stock valued at $1,487,000 after buying an additional 819 shares during the period. Cove Private Wealth LLC grew its stake in shares of Exxon Mobil by 10.3% during the fourth quarter. Cove Private Wealth LLC now owns 10,736 shares of the oil and gas company's stock valued at $1,155,000 after buying an additional 1,000 shares during the last quarter. Finally, Amplius Wealth Advisors LLC increased its holdings in shares of Exxon Mobil by 2.7% in the fourth quarter. Amplius Wealth Advisors LLC now owns 7,881 shares of the oil and gas company's stock worth $848,000 after buying an additional 204 shares during the period. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday. Royal Bank of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. Scotiabank dropped their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, Piper Sandler cut their price target on shares of Exxon Mobil from $127.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Stock Performance

Shares of XOM opened at $102.97 on Friday. The company has a 50-day simple moving average of $108.47 and a two-hundred day simple moving average of $110.51. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $443.76 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The company had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the business posted $2.06 EPS. The firm's revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.85%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's dividend payout ratio is currently 52.52%.

Exxon Mobil Company 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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