Exxon Mobil Corporation $XOM Stock Position Decreased by Prospect Financial Services LLC

Prospect Financial Services LLC lowered its holdings in Exxon Mobil Corporation (NYSE:XOM) by 15.7% during the second quarter, HoldingsChannel.com reports. The fund owned 18,131 shares of the oil and gas company’s stock after selling 3,368 shares during the period. Exxon Mobil accounts for about 1.2% of Prospect Financial Services LLC’s portfolio, making the stock its 23rd biggest position. Prospect Financial Services LLC’s holdings in Exxon Mobil were worth $1,955,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Elequin Capital LP acquired a new position in Exxon Mobil during the 1st quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd increased its position in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares during the period. Game Plan Financial Advisors LLC boosted its holdings in shares of Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 300 shares during the period. 1248 Management LLC acquired a new position in shares of Exxon Mobil during the first quarter valued at $40,000. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Exxon Mobil in the 2nd quarter worth about $38,000. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on XOM. Wells Fargo & Company initiated coverage on shares of Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 target price for the company. Morgan Stanley boosted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Melius Research assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Bank of America boosted their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Finally, Barclays lowered their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

Insider Activity at Exxon Mobil

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

Exxon Mobil Stock Up 0.5%

Shares of XOM stock opened at $118.70 on Friday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The business’s fifty day moving average is $113.87 and its 200-day moving average is $110.56. The stock has a market cap of $500.57 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion during the quarter. Equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm 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. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is presently 59.88%.

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.