Nations Financial Group Inc. IA ADV Has $13.89 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Nations Financial Group Inc. IA ADV increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 118,475 shares of the oil and gas company’s stock after acquiring an additional 7,734 shares during the period. Exxon Mobil accounts for about 1.0% of Nations Financial Group Inc. IA ADV’s holdings, making the stock its 14th largest position. Nations Financial Group Inc. IA ADV’s holdings in Exxon Mobil were worth $13,888,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Etfidea LLC raised its stake in Exxon Mobil by 3.3% during the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after buying an additional 85 shares during the period. Bigelow Investment Advisors LLC raised its stake in shares of Exxon Mobil by 0.6% in the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after purchasing an additional 86 shares during the last quarter. Integral Investment Advisors Inc. raised its stake in shares of Exxon Mobil by 2.1% in the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after purchasing an additional 87 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of Exxon Mobil by 15.2% in the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 87 shares during the last quarter. Finally, Mascoma Wealth Management LLC raised its stake in shares of Exxon Mobil by 7.0% in the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock worth $155,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.1 %

NYSE XOM opened at $120.35 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $528.95 billion, a PE ratio of 14.99, a PEG ratio of 5.08 and a beta of 0.90. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The business’s 50-day moving average is $117.96 and its 200 day moving average is $116.32.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm earned $2.27 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.29%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 47.32%.

Analysts Set New Price Targets

Several analysts have recently commented on XOM shares. BMO Capital Markets increased their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. Morgan Stanley reduced their target price on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $129.00 to $145.00 in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.