Prosperity Consulting Group LLC Sells 1,080 Shares of Exxon Mobil Corporation $XOM

Prosperity Consulting Group LLC lessened its holdings in Exxon Mobil Corporation (NYSE:XOM) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,094 shares of the oil and gas company’s stock after selling 1,080 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Exxon Mobil were worth $7,664,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XOM. Bank of New York Mellon Corp boosted its holdings in Exxon Mobil by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,598,313 shares of the oil and gas company’s stock valued at $5,023,298,000 after purchasing an additional 1,274,860 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Exxon Mobil by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock valued at $3,850,167,000 after buying an additional 512,860 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after acquiring an additional 2,639,797 shares during the period. Amundi lifted its position in shares of Exxon Mobil by 9.7% during the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock valued at $2,966,598,000 after acquiring an additional 2,329,964 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Exxon Mobil by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock valued at $3,028,968,000 after acquiring an additional 909,386 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. Barclays cut their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a report on Tuesday, October 7th. Mizuho cut their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Finally, UBS Group upped their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $128.50.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Down 0.4%

Shares of NYSE:XOM opened at $113.85 on Tuesday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The company has a market capitalization of $485.37 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company has a fifty day moving average of $113.30 and a 200-day moving average of $110.08.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion during the quarter. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, November 14th. Exxon Mobil’s dividend payout ratio is 57.56%.

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.