ExxonMobil Corporation $XOM Shares Sold by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV trimmed its position in ExxonMobil Corporation (NYSE:XOM) by 14.4% in the 1st quarter, HoldingsChannel reports. The firm owned 84,608 shares of the oil and gas company’s stock after selling 14,178 shares during the quarter. ExxonMobil makes up about 0.7% of Nations Financial Group Inc. IA ADV’s portfolio, making the stock its 21st largest position. Nations Financial Group Inc. IA ADV’s holdings in ExxonMobil were worth $14,355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Berbice Capital Management LLC acquired a new position in ExxonMobil in the 4th quarter worth approximately $26,000. Midwest Capital Advisors LLC acquired a new stake in ExxonMobil during the 4th quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of ExxonMobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 187 shares during the last quarter. Key Capital Management INC purchased a new stake in shares of ExxonMobil in the 4th quarter valued at $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in shares of ExxonMobil in the fourth quarter worth $32,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Up 0.0%

ExxonMobil stock opened at $137.84 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The stock has a market capitalization of $571.36 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 0.58 and a beta of 0.16. The business has a 50 day simple moving average of $149.98 and a 200-day simple moving average of $143.41. ExxonMobil Corporation has a 12 month low of $105.53 and a 12 month high of $176.41.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 EPS. On average, analysts anticipate that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a $1.03 dividend. The ex-dividend date 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 69.48%.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s production has reached its highest level in more than 40 years, supported by aggressive output growth in Guyana, Texas, and Papua New Guinea. Higher volumes at lower costs should support cash flow and investor confidence. Article: Darren Woods’ Game Plan at Exxon Mobil: Produce More Oil for Less Money
• Positive Sentiment: ExxonMobil is expanding its long-term growth pipeline in Guyana’s Stabroek Block, with plans to drill up to 35 new exploration and appraisal wells from 2028 through 2033. This could extend reserve growth and future production. Article: ExxonMobil Advances New Exploration Push in Guyana’s Stabroek Block
• Neutral Sentiment: ExxonMobil reportedly struck a deal with ZET for South Africa’s first LNG terminal, highlighting continued international LNG expansion efforts. This is strategically constructive, but the near-term stock impact is unclear. Article: ExxonMobil and ZET strike deal for South Africa’s first LNG terminal
• Neutral Sentiment: Commentary suggesting ExxonMobil could pursue another megamerger or LNG acquisition may support long-term strategic speculation, but it is not a confirmed catalyst. Article: ExxonMobil Has Its Sights on Its Next Megamerger. Here’s the Oil Stock It Should Buy.
• Negative Sentiment: ExxonMobil shares fell alongside other oil stocks after the U.S. and Iran reached an interim agreement that could reopen the Strait of Hormuz and lift sanctions on Tehran’s oil. The deal pressures crude prices, which can reduce upstream earnings for XOM. Article: ExxonMobil and Occidental Petroleum Stocks Trade Down, What You Need To Know
• Negative Sentiment: Recent market commentary notes ExxonMobil has been under sustained selling pressure over the past days and weeks, reflecting weaker oil prices and a softer sector backdrop. Article: Exxon Mobil (XOM) Stock Could Be 18.9% Undervalued Despite Recent Pullback

Analyst Ratings Changes

A number of research firms recently issued reports on XOM. HSBC boosted their target price on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. Jefferies Financial Group increased their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. boosted their price objective on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Finally, TD Cowen restated a “buy” rating on shares of ExxonMobil in a research note on Monday, June 15th. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ExxonMobil presently has a consensus rating of “Moderate Buy” and an average price target of $165.70.

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.