Exxon Mobil Co. (NYSE:XOM) Shares Sold by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 7.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 63,950 shares of the oil and gas company’s stock after selling 4,912 shares during the quarter. Exxon Mobil accounts for approximately 1.0% of Prosperity Consulting Group LLC’s investment portfolio, making the stock its 18th biggest holding. Prosperity Consulting Group LLC’s holdings in Exxon Mobil were worth $7,362,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gilbert & Cook Inc. lifted its position in Exxon Mobil by 2.2% during the fourth quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock valued at $2,547,000 after purchasing an additional 545 shares during the period. Aveo Capital Partners LLC raised its position in shares of Exxon Mobil by 5.0% in the fourth quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock worth $2,053,000 after acquiring an additional 984 shares during the period. Gryphon Financial Partners LLC raised its position in shares of Exxon Mobil by 42.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock worth $1,827,000 after acquiring an additional 5,565 shares during the period. Hillsdale Investment Management Inc. raised its position in shares of Exxon Mobil by 18.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,522 shares of the oil and gas company’s stock worth $252,000 after acquiring an additional 400 shares during the period. Finally, Clearbridge Investments LLC raised its position in shares of Exxon Mobil by 99.0% in the fourth quarter. Clearbridge Investments LLC now owns 3,447,245 shares of the oil and gas company’s stock worth $344,656,000 after acquiring an additional 1,715,339 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.4 %

NYSE XOM opened at $112.75 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm’s fifty day moving average price is $115.67 and its 200 day moving average price is $115.19. The company has a market capitalization of $444.57 billion, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period last year, the firm posted $1.94 EPS. The company’s revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.37%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

Analyst Ratings Changes

Several brokerages recently issued reports on XOM. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target for the company. Sanford C. Bernstein dropped their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Morgan Stanley decreased their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Wells Fargo & Company decreased their price objective on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $136.24.

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.