Exxon Mobil Co. (NYSE:XOM) is Prospera Private Wealth LLC’s 3rd Largest Position

Prospera Private Wealth LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 26.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,550 shares of the oil and gas company’s stock after purchasing an additional 35,535 shares during the quarter. Exxon Mobil makes up about 3.6% of Prospera Private Wealth LLC’s portfolio, making the stock its 3rd biggest position. Prospera Private Wealth LLC’s holdings in Exxon Mobil were worth $19,640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. Fairway Wealth LLC bought a new position in Exxon Mobil in the second quarter worth approximately $35,000. Anfield Capital Management LLC raised its position in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth $39,000. POM Investment Strategies LLC boosted its position in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in Exxon Mobil in the second quarter valued at about $46,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Down 1.4 %

NYSE:XOM opened at $118.60 on Wednesday. The firm has a market capitalization of $521.26 billion, a P/E ratio of 14.77, a PEG ratio of 5.00 and a beta of 0.90. The company’s fifty day moving average price is $118.75 and its 200-day moving average price is $116.44. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping 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 period last year, the firm earned $2.27 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.34%. Exxon Mobil’s payout ratio is presently 49.32%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XOM. Mizuho raised their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. TD Cowen boosted their target price on Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.21.

Exxon Mobil 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.