Prospera Financial Services Inc Sells 6,227 Shares of Exxon Mobil Corporation $XOM

Prospera Financial Services Inc cut its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 447,698 shares of the oil and gas company’s stock after selling 6,227 shares during the period. Exxon Mobil comprises approximately 0.9% of Prospera Financial Services Inc’s portfolio, making the stock its 13th largest position. Prospera Financial Services Inc’s holdings in Exxon Mobil were worth $48,270,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Eagle Capital Management LLC increased its position in Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares during the period. Brucke Financial Inc. boosted its stake in shares of Exxon Mobil by 2.1% in the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after purchasing an additional 142 shares during the last quarter. Greenleaf Trust boosted its stake in shares of Exxon Mobil by 5.9% in the 1st quarter. Greenleaf Trust now owns 119,183 shares of the oil and gas company’s stock valued at $14,174,000 after purchasing an additional 6,605 shares during the last quarter. Linden Thomas Advisory Services LLC raised its stake in Exxon Mobil by 8.6% during the first quarter. Linden Thomas Advisory Services LLC now owns 21,791 shares of the oil and gas company’s stock worth $2,592,000 after buying an additional 1,725 shares during the last quarter. Finally, Dogwood Wealth Management LLC lifted its holdings in Exxon Mobil by 5.4% in the first quarter. Dogwood Wealth Management LLC now owns 2,355 shares of the oil and gas company’s stock valued at $280,000 after buying an additional 121 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

NYSE XOM opened at $117.19 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $113.45 and a 200 day simple moving average of $110.27. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The company has a market cap of $499.59 billion, a P/E ratio of 16.65, a PEG ratio of 2.06 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Analysts Set New Price Targets

XOM has been the subject of a number of recent analyst reports. UBS Group increased their price target on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Mizuho decreased their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Morgan Stanley boosted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Finally, Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.50.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by corporate insiders.

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.