Prospect Financial Services LLC Sells 2,816 Shares of Exxon Mobil Co. (NYSE:XOM)

Prospect Financial Services LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 9.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,834 shares of the oil and gas company’s stock after selling 2,816 shares during the quarter. Exxon Mobil accounts for 1.5% of Prospect Financial Services LLC’s portfolio, making the stock its 22nd biggest holding. Prospect Financial Services LLC’s holdings in Exxon Mobil were worth $2,779,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. bought a new stake in Exxon Mobil during the third quarter valued at about $51,000. Highline Wealth Partners LLC purchased a new position in shares of Exxon Mobil in the third quarter valued at about $54,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Exxon Mobil during the third quarter worth about $63,000. Finally, Annapolis Financial Services LLC raised its stake in Exxon Mobil by 284.9% during the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after purchasing an additional 567 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. The Goldman Sachs Group lifted their target price on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. UBS Group dropped their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Stock Up 0.7 %

Shares of NYSE:XOM opened at $109.48 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The business has a 50 day simple moving average of $110.91 and a two-hundred day simple moving average of $115.33. Exxon Mobil Co. has a 1 year low of $100.42 and a 1 year high of $126.34. The firm has a market capitalization of $481.18 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter in the prior year, the company posted $2.27 EPS. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 7.77 EPS for the current year.

Exxon Mobil Company Profile

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.