Sunbelt Securities Inc. Raises Stake in Exxon Mobil Co. (NYSE:XOM)

Sunbelt Securities Inc. raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,769 shares of the oil and gas company’s stock after acquiring an additional 819 shares during the period. Exxon Mobil comprises approximately 1.3% of Sunbelt Securities Inc.’s investment portfolio, making the stock its 9th largest holding. Sunbelt Securities Inc.’s holdings in Exxon Mobil were worth $7,967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Your Advocates Ltd. LLP boosted its holdings in Exxon Mobil by 0.7% in the first quarter. Your Advocates Ltd. LLP now owns 12,178 shares of the oil and gas company’s stock valued at $1,335,000 after purchasing an additional 86 shares during the period. Murphy Middleton Hinkle & Parker Inc. raised its stake in Exxon Mobil by 0.8% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company’s stock valued at $1,237,000 after buying an additional 87 shares in the last quarter. Acorn Wealth Advisors LLC raised its stake in Exxon Mobil by 3.8% in the fourth quarter. Acorn Wealth Advisors LLC now owns 2,483 shares of the oil and gas company’s stock valued at $274,000 after buying an additional 91 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Exxon Mobil by 1.4% in the first quarter. Revolve Wealth Partners LLC now owns 6,555 shares of the oil and gas company’s stock valued at $719,000 after buying an additional 92 shares in the last quarter. Finally, Rosenberg Matthew Hamilton raised its stake in Exxon Mobil by 1.2% in the first quarter. Rosenberg Matthew Hamilton now owns 8,259 shares of the oil and gas company’s stock valued at $906,000 after buying an additional 95 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $117.54 on Wednesday. The business’s 50 day simple moving average is $107.87 and its 200-day simple moving average is $108.34. The firm has a market capitalization of $470.53 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 12 month low of $83.89 and a 12 month high of $119.92.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The firm had revenue of $82.91 billion for the quarter, compared to analysts’ expectations of $81.80 billion. During the same period last year, the firm earned $4.14 EPS. Exxon Mobil’s revenue was down 28.3% compared to the same quarter last year. As a group, equities analysts forecast that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were issued a $0.91 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $3.64 annualized dividend and a yield of 3.10%. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.

Insider Buying and Selling at Exxon Mobil

In other news, Director Jeffrey W. Ubben acquired 458,000 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was acquired at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the acquisition, the director now directly owns 1,635,000 shares in the company, valued at approximately $174,830,550. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey W. Ubben purchased 458,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the transaction, the director now owns 1,635,000 shares in the company, valued at approximately $174,830,550. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XOM. StockNews.com began coverage on Exxon Mobil in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. HSBC lifted their target price on Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. Truist Financial cut their target price on Exxon Mobil from $118.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, July 24th. Redburn Partners upgraded Exxon Mobil from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $100.00 to $105.00 in a research report on Thursday, August 31st. Finally, Morgan Stanley raised their price target on Exxon Mobil from $121.00 to $124.00 and gave the stock an “overweight” rating in a report on Friday, August 18th. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $123.43.

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.