Exxon Mobil Co. (NYSE:XOM) Position Increased by Prospera Financial Services Inc

Prospera Financial Services Inc grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 5.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 439,793 shares of the oil and gas company's stock after acquiring an additional 20,751 shares during the period. Exxon Mobil comprises 1.3% of Prospera Financial Services Inc's holdings, making the stock its 8th largest holding. Prospera Financial Services Inc's holdings in Exxon Mobil were worth $51,560,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fairway Wealth LLC bought a new position in Exxon Mobil in the second quarter worth approximately $35,000. Anfield Capital Management LLC lifted its holdings 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 purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at $39,000. POM Investment Strategies LLC increased its stake in Exxon Mobil by 918.9% during the 2nd 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 acquired a new position in Exxon Mobil during the second quarter worth $46,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

XOM stock traded down $1.79 during midday trading on Tuesday, reaching $118.52. The stock had a trading volume of 4,471,673 shares, compared to its average volume of 16,272,426. The firm has a fifty day simple moving average of $118.59 and a two-hundred day simple moving average of $116.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a market cap of $520.91 billion, a PE ratio of 14.82, a P/E/G ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business's quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 EPS. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.34%. The ex-dividend date is Thursday, November 14th. Exxon Mobil's dividend payout ratio is currently 49.32%.

Analysts Set New Price Targets

Several research analysts recently issued reports on XOM shares. UBS Group cut their target price on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Barclays reduced their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Evercore ISI raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Monday, August 5th. Bank of America initiated coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price objective for the company. Finally, Truist Financial dropped their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.