Exxon Mobil Co. (NYSE:XOM) Stock Holdings Decreased by Sunbelt Securities Inc.

Sunbelt Securities Inc. reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,161 shares of the oil and gas company’s stock after selling 11,150 shares during the quarter. Exxon Mobil comprises about 1.5% of Sunbelt Securities Inc.’s portfolio, making the stock its 9th biggest position. Sunbelt Securities Inc.’s holdings in Exxon Mobil were worth $13,270,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Root Financial Partners LLC increased its holdings in Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after purchasing an additional 199 shares during the period. RNC Capital Management LLC increased its holdings in shares of Exxon Mobil by 5.5% in the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock valued at $8,791,000 after acquiring an additional 4,585 shares during the period. Dupree Financial Group LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at $378,000. Intact Investment Management Inc. increased its holdings in shares of Exxon Mobil by 225.7% in the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock valued at $6,839,000 after acquiring an additional 47,400 shares during the period. Finally, AJOVista LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at $312,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on XOM shares. Barclays started coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Mizuho lifted their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Truist Financial reiterated a “hold” rating and issued a $124.00 price target (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Finally, Wells Fargo & Company raised their price objective on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.82.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated 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 transaction, the vice president now owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $114.40 on Thursday. The stock has a 50-day moving average of $115.50 and a two-hundred day moving average of $109.39. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The stock has a market cap of $451.08 billion, a P/E ratio of 14.02, a P/E/G ratio of 4.11 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The firm 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 business’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.83 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 9.28 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid 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 3.32%. Exxon Mobil’s payout ratio is currently 46.57%.

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.