Prospect Financial Group LLC Purchases New Holdings in Exxon Mobil Co. (NYSE:XOM)

Prospect Financial Group LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,140 shares of the oil and gas company's stock, valued at approximately $338,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rockline Wealth Management LLC raised its holdings in Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock worth $2,788,000 after buying an additional 1,498 shares during the period. Renasant Bank lifted its position in Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after acquiring an additional 493 shares in the last quarter. Helen Stephens Group LLC boosted its stake in Exxon Mobil by 7.3% in the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock worth $4,479,000 after purchasing an additional 2,825 shares during the period. Brooklyn Investment Group boosted its position in shares of Exxon Mobil by 36.8% during the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company's stock worth $2,945,000 after buying an additional 6,753 shares during the period. Finally, Hilltop Holdings Inc. lifted its position in shares of Exxon Mobil by 41.3% in the third quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company's stock worth $8,942,000 after purchasing an additional 22,296 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Remove Ads

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. Scotiabank cut their price objective on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. HSBC decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company cut their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, Morgan Stanley raised their price objective on Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $129.15.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,100 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Trading Up 0.7 %

Shares of Exxon Mobil stock traded up $0.81 during trading on Tuesday, hitting $116.61. The company's stock had a trading volume of 12,080,693 shares, compared to its average volume of 14,963,363. The stock has a market cap of $505.99 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34. The stock has a 50-day moving average price of $110.36 and a two-hundred day moving average price of $113.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the firm posted $2.48 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

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.