Nations Financial Group Inc. IA ADV Sells 4,686 Shares of ExxonMobil Corporation $XOM

Nations Financial Group Inc. IA ADV lessened its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 5.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 79,922 shares of the oil and gas company’s stock after selling 4,686 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in ExxonMobil were worth $10,927,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mosley Wealth Management raised its holdings in ExxonMobil by 21.4% in the 2nd quarter. Mosley Wealth Management now owns 8,554 shares of the oil and gas company’s stock valued at $1,170,000 after acquiring an additional 1,506 shares during the period. Cornerstone Wealth Management LLC lifted its position in ExxonMobil by 0.5% during the second quarter. Cornerstone Wealth Management LLC now owns 89,611 shares of the oil and gas company’s stock worth $12,252,000 after acquiring an additional 416 shares during the last quarter. McElhenny Sheffield Capital Management LLC boosted its holdings in shares of ExxonMobil by 9.5% during the second quarter. McElhenny Sheffield Capital Management LLC now owns 9,534 shares of the oil and gas company’s stock worth $1,303,000 after acquiring an additional 824 shares during the period. Confluence Wealth Services Inc. boosted its holdings in shares of ExxonMobil by 59.5% during the second quarter. Confluence Wealth Services Inc. now owns 294,079 shares of the oil and gas company’s stock worth $40,206,000 after acquiring an additional 109,701 shares during the period. Finally, Schaper Benz & Wise Investment Counsel Inc. WI grew its position in shares of ExxonMobil by 0.4% in the second quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 24,222 shares of the oil and gas company’s stock valued at $3,312,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Performance

Shares of NYSE:XOM opened at $160.08 on Friday. ExxonMobil Corporation has a 1 year low of $105.67 and a 1 year high of $176.41. The stock has a market capitalization of $663.52 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 0.62 and a beta of 0.17. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The company’s 50 day simple moving average is $147.00 and its 200 day simple moving average is $150.45.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same quarter in the previous year, the company earned $1.64 earnings per share. As a group, research analysts predict that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s dividend payout ratio is currently 53.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup reiterated a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. UBS Group set a $168.00 price target on ExxonMobil in a research note on Friday, August 7th. Piper Sandler started coverage on ExxonMobil in a report on Thursday, July 23rd. They issued a “neutral” rating and a $158.00 price objective on the stock. BNP Paribas Exane set a $165.00 target price on ExxonMobil and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, Bank of America cut shares of ExxonMobil from a “buy” rating to a “neutral” rating and boosted their target price for the company from $154.00 to $158.00 in a research report on Tuesday, July 28th. Ten research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, ExxonMobil currently has an average rating of “Hold” and a consensus target price of $163.29.

About ExxonMobil

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.