Nations Financial Group Inc. IA ADV Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Nations Financial Group Inc. IA ADV lifted its position in Exxon Mobil Co. (NYSE:XOM) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,426 shares of the oil and gas company’s stock after purchasing an additional 951 shares during the quarter. Exxon Mobil makes up 0.9% of Nations Financial Group Inc. IA ADV’s investment portfolio, making the stock its 13th biggest holding. Nations Financial Group Inc. IA ADV’s holdings in Exxon Mobil were worth $12,847,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in XOM. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $36,000. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil during the 4th quarter worth $46,000. Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the 3rd quarter worth $51,000. Compass Financial Services Inc acquired a new stake in shares of Exxon Mobil in the 4th quarter worth $48,000. Finally, Highline Wealth Partners LLC purchased a new stake in shares of Exxon Mobil in the third quarter valued at about $54,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on XOM shares. Scotiabank lowered their price objective on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company decreased their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Morgan Stanley increased their price target on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Finally, BMO Capital Markets lowered their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Trading Up 0.0 %

Shares of XOM stock opened at $108.17 on Tuesday. Exxon Mobil Co. has a 1-year low of $100.60 and a 1-year high of $126.34. 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’s 50-day simple moving average is $108.78 and its 200-day simple moving average is $114.67. The firm has a market cap of $475.42 billion, a P/E ratio of 13.80, a PEG ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the business earned $2.48 earnings per share. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

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.