ExxonMobil Corporation $XOM Stock Holdings Increased by Sunbelt Securities Inc.

Sunbelt Securities Inc. increased its stake in ExxonMobil Corporation (NYSE:XOM) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,368,228 shares of the oil and gas company’s stock after acquiring an additional 18,409 shares during the period. ExxonMobil makes up about 11.0% of Sunbelt Securities Inc.’s holdings, making the stock its largest holding. Sunbelt Securities Inc.’s holdings in ExxonMobil were worth $164,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Cambient Family Office LLC acquired a new position in ExxonMobil during the 4th quarter worth $4,519,000. Ruggaard & Associates LLC raised its position in ExxonMobil by 1.8% in the 4th quarter. Ruggaard & Associates LLC now owns 5,674 shares of the oil and gas company’s stock valued at $683,000 after purchasing an additional 100 shares in the last quarter. McLaughlin Asset Management Inc. acquired a new stake in ExxonMobil in the 4th quarter valued at about $1,377,000. White Knight Strategic Wealth Advisors LLC boosted its stake in shares of ExxonMobil by 25.0% in the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 7,275 shares of the oil and gas company’s stock valued at $875,000 after buying an additional 1,457 shares during the period. Finally, Kinloch Capital LLC grew its position in shares of ExxonMobil by 0.6% during the fourth quarter. Kinloch Capital LLC now owns 37,989 shares of the oil and gas company’s stock worth $4,572,000 after buying an additional 210 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Price Performance

Shares of NYSE XOM opened at $137.84 on Friday. The stock’s 50-day simple moving average is $150.34 and its 200-day simple moving average is $143.26. The firm has a market capitalization of $571.36 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 0.60 and a beta of 0.16. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two week high of $176.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same period last year, the firm posted $1.76 EPS. The company’s revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts forecast that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Mizuho lifted their price target on shares of ExxonMobil from $159.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Barclays increased their price objective on shares of ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Sanford C. Bernstein reduced their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Finally, Weiss Ratings cut shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.70.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil advanced a major new exploration push in Guyana’s Stabroek Block, planning up to 35 additional wells from 2028 through 2033, which could add long-term production growth. Article Title
• Positive Sentiment: The company signed a preliminary deal to supply LNG to South Africa’s first planned import terminal, expanding its international gas footprint and supporting its LNG growth strategy. Article Title
• Positive Sentiment: Analysts continue to view ExxonMobil as relatively resilient versus the broader oil market because of its low-cost, diversified production base. Article Title

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.