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Prospect Financial Services LLC Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Exxon Mobil logo with Oils/Energy background

Prospect Financial Services LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,834 shares of the oil and gas company's stock after selling 2,816 shares during the period. Exxon Mobil accounts for approximately 1.5% of Prospect Financial Services LLC's investment portfolio, making the stock its 22nd largest 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 have also recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Exxon Mobil by 9,314.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 790,781 shares of the oil and gas company's stock worth $91,035,000 after purchasing an additional 782,381 shares during the period. Centaurus Financial Inc. lifted its holdings in shares of Exxon Mobil by 9.2% during the 2nd quarter. Centaurus Financial Inc. now owns 37,397 shares of the oil and gas company's stock worth $4,305,000 after acquiring an additional 3,145 shares during the period. Mattson Financial Services LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth about $1,397,000. Global Wealth Strategies & Associates lifted its holdings in shares of Exxon Mobil by 9.8% during the 3rd quarter. Global Wealth Strategies & Associates now owns 2,198 shares of the oil and gas company's stock valued at $258,000 after acquiring an additional 197 shares in the last quarter. Finally, Doliver Advisors LP raised its holdings in shares of Exxon Mobil by 0.6% during the 3rd quarter. Doliver Advisors LP now owns 1,142,247 shares of the oil and gas company's stock valued at $133,894,000 after buying an additional 7,317 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.7 %

NYSE XOM opened at $109.48 on Friday. The company has a market cap of $481.18 billion, a PE ratio of 13.63, a PEG ratio of 2.84 and a beta of 0.91. The stock has a 50 day moving average of $110.91 and a 200-day moving average of $115.33. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. 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 (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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 9.61% and a return on equity of 14.73%. During the same quarter in the prior year, the business earned $2.48 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on XOM. Piper Sandler reduced their target price on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price target on the stock. BNP Paribas lowered Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. Morgan Stanley reduced their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, Truist Financial upped their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven 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, Exxon Mobil presently has an average rating of "Moderate Buy" and an average target price of $128.84.

Read Our Latest Stock Report on XOM

About Exxon Mobil

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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