Prospect Financial Services LLC Sells 4,335 Shares of Exxon Mobil Co. (NYSE:XOM)

Prospect Financial Services LLC decreased its holdings in Exxon Mobil Co. (NYSE:XOM) by 16.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 21,499 shares of the oil and gas company’s stock after selling 4,335 shares during the period. Exxon Mobil makes up about 1.4% of Prospect Financial Services LLC’s portfolio, making the stock its 22nd biggest position. Prospect Financial Services LLC’s holdings in Exxon Mobil were worth $2,557,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. 10Elms LLP acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $32,000. Keystone Financial Group Inc. acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $36,000. Finally, Compass Planning Associates Inc acquired a new position in Exxon Mobil in the fourth quarter valued at approximately $47,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.5%

Shares of NYSE XOM opened at $101.79 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a market capitalization of $438.67 billion, a PE ratio of 12.98, a P/E/G ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34. The business’s fifty day moving average price is $105.71 and its 200-day moving average price is $109.29.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.89%. Exxon Mobil’s payout ratio is 52.52%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Mizuho lowered their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Scotiabank decreased their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler lowered Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $125.50.

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.