Prospera Financial Services Inc Has $48.63 Million Stake in Exxon Mobil Corporation $XOM

Prospera Financial Services Inc lowered its position in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 3.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 431,239 shares of the oil and gas company’s stock after selling 16,459 shares during the quarter. Exxon Mobil comprises 0.8% of Prospera Financial Services Inc’s investment portfolio, making the stock its 19th biggest holding. Prospera Financial Services Inc’s holdings in Exxon Mobil were worth $48,631,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Maryland State Retirement & Pension System increased its stake in shares of Exxon Mobil by 2.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock valued at $24,342,000 after acquiring an additional 5,573 shares in the last quarter. Linscomb Wealth Inc. grew its holdings in Exxon Mobil by 1.4% in the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after purchasing an additional 5,527 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in Exxon Mobil by 3.3% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock worth $34,576,000 after purchasing an additional 9,831 shares during the period. Capital Counsel LLC NY increased its stake in Exxon Mobil by 0.9% in the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock valued at $5,356,000 after purchasing an additional 460 shares in the last quarter. Finally, HORAN Wealth LLC raised its holdings in shares of Exxon Mobil by 78.3% during the third quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock valued at $1,486,000 after purchasing an additional 5,788 shares during the period. 61.80% of the stock is owned by institutional investors.

More Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president owned 23,584 shares in the company, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 14,230 shares of company stock worth $1,888,421. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Up 1.5%

XOM opened at $151.22 on Tuesday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $151.55. The company’s 50-day moving average price is $126.47 and its two-hundred day moving average price is $117.70. The stock has a market cap of $637.72 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 15.49 and a beta of 0.39. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.08. The company had revenue of $82.31 billion during the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. Exxon Mobil’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be paid a $1.03 dividend. The ex-dividend date is Thursday, February 12th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. Exxon Mobil’s payout ratio is presently 61.58%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Jefferies Financial Group raised their target price on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Piper Sandler reduced their price objective on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. BNP Paribas Exane lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 target price on the stock. in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Monday, December 29th. Finally, Mizuho set a $140.00 price target on shares of Exxon Mobil in a research note on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $140.59.

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Exxon Mobil Profile

(Free Report)

Exxon Mobil 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.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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