Exxon Mobil Co. (NYSE:XOM) is Sunbelt Securities Inc.'s 5th Largest Position

Sunbelt Securities Inc. lifted its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 6.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,755 shares of the oil and gas company's stock after purchasing an additional 9,209 shares during the period. Exxon Mobil accounts for about 1.7% of Sunbelt Securities Inc.'s holdings, making the stock its 5th biggest position. Sunbelt Securities Inc.'s holdings in Exxon Mobil were worth $17,672,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. FMR LLC raised its position in shares of Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company's stock valued at $17,801,457,000 after purchasing an additional 395,218 shares during the period. Geode Capital Management LLC raised its position in shares of Exxon Mobil by 1.8% in the third quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company's stock valued at $10,777,735,000 after purchasing an additional 1,622,064 shares during the period. Bank of New York Mellon Corp raised its position in shares of Exxon Mobil by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company's stock valued at $4,640,756,000 after purchasing an additional 4,080,716 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares during the period. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Down 0.5 %

XOM stock traded down $0.57 during trading on Wednesday, hitting $112.10. 12,850,935 shares of the company traded hands, compared to its average volume of 16,236,170. The company has a 50-day moving average of $119.53 and a 200-day moving average of $116.46. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The firm has a market capitalization of $492.69 billion, a PE ratio of 13.91, a P/E/G ratio of 4.74 and a beta of 0.89.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm's revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.27 EPS. Analysts predict that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. Exxon Mobil's payout ratio is presently 49.32%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on XOM. BNP Paribas lowered shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target on the stock. in a research report on Wednesday, October 9th. Royal Bank of Canada lowered their target price on shares of Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating on the stock in a research note on Tuesday, November 26th. Redburn Atlantic restated a "neutral" rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, TD Cowen upped their target price on Exxon Mobil from $127.00 to $132.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $129.95.

About Exxon Mobil

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.