Prospera Private Wealth LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Prospera Private Wealth LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 26.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,550 shares of the oil and gas company's stock after buying an additional 35,535 shares during the period. Exxon Mobil comprises about 3.6% of Prospera Private Wealth LLC's holdings, making the stock its 3rd largest holding. 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 hedge funds also recently added to or reduced their stakes in XOM. WFA Asset Management Corp raised its holdings in shares of Exxon Mobil by 18.2% in the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company's stock valued at $312,000 after buying an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Exxon Mobil in the 1st quarter worth about $933,000. Empowered Funds LLC increased its stake in shares of Exxon Mobil by 5.6% during the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company's stock worth $107,591,000 after purchasing an additional 49,083 shares in the last quarter. Wellington Wealth Strategies LLC. lifted its position in shares of Exxon Mobil by 31.7% in the first quarter. Wellington Wealth Strategies LLC. now owns 8,232 shares of the oil and gas company's stock valued at $957,000 after acquiring an additional 1,983 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 2.4% during the first quarter. EP Wealth Advisors LLC now owns 745,426 shares of the oil and gas company's stock worth $86,648,000 after buying an additional 17,447 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on XOM. Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Mizuho lifted their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. TD Cowen raised their target price on Exxon Mobil from $127.00 to $132.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $130.21.

Exxon Mobil Stock Up 0.3 %

NYSE:XOM traded up $0.31 on Wednesday, hitting $118.94. 3,798,678 shares of the company's stock traded hands, compared to its average volume of 16,249,428. The firm has a 50-day moving average price of $118.75 and a 200-day moving average price of $116.44. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a market cap of $522.75 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the firm posted $2.27 earnings per share. The company's revenue for the quarter was down .8% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.33%. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil's payout ratio is currently 49.32%.

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.