Prospera Private Wealth LLC Acquires 35,535 Shares of Exxon Mobil Co. (NYSE:XOM)

Prospera Private Wealth LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 26.9% in the third quarter, HoldingsChannel.com reports. The firm owned 167,550 shares of the oil and gas company’s stock after buying an additional 35,535 shares during the quarter. Exxon Mobil makes up 3.6% of Prospera Private Wealth LLC’s holdings, making the stock its 3rd biggest holding. Prospera Private Wealth LLC’s holdings in Exxon Mobil were worth $19,640,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. WFA Asset Management Corp increased its stake in shares of Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after purchasing an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in shares of Exxon Mobil during the first quarter valued at approximately $933,000. Empowered Funds LLC lifted its position in shares of Exxon Mobil by 5.6% in the first quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock valued at $107,591,000 after acquiring an additional 49,083 shares in the last quarter. Wellington Wealth Strategies LLC. boosted its stake 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 worth $957,000 after acquiring an additional 1,983 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its position 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 purchasing an additional 17,447 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on XOM shares. BMO Capital Markets raised their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. TD Cowen raised their target price on shares of Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $130.21.

Exxon Mobil Price Performance

Shares of XOM opened at $118.60 on Wednesday. The firm has a 50-day simple moving average of $118.75 and a two-hundred day simple moving average of $116.44. The stock has a market cap of $521.26 billion, a PE ratio of 14.77, a P/E/G ratio of 5.00 and a beta of 0.90. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) 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. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the firm earned $2.27 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced 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 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. This represents a $3.96 annualized dividend and a yield of 3.34%. Exxon Mobil’s dividend payout ratio is presently 49.32%.

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.