Prosperity Consulting Group LLC Raises Stock Holdings in Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Prosperity Consulting Group LLC increased its holdings in Exxon Mobil Corporation by 11.8% in the first quarter, acquiring an additional 7,591 shares, bringing its total to 72,174 shares valued at approximately $8.58 million.
• Exxon Mobil's recent earnings report revealed an earnings per share (EPS) of $1.76, slightly above the consensus estimate of $1.73, with a revenue of $83.13 billion.
• The company recently declared a quarterly dividend of $0.99 per share, with a current dividend yield of 3.59% and a payout ratio of 52.52%.

Prosperity Consulting Group LLC boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 11.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,174 shares of the oil and gas company's stock after buying an additional 7,591 shares during the quarter. Prosperity Consulting Group LLC's holdings in Exxon Mobil were worth $8,584,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Axis Wealth Partners LLC grew its stake in Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 93 shares during the last quarter. WPWealth LLP raised its stake in shares of Exxon Mobil by 1.1% during the 4th quarter. WPWealth LLP now owns 9,201 shares of the oil and gas company's stock worth $990,000 after buying an additional 96 shares during the period. Ascent Capital Management LLC raised its stake in shares of Exxon Mobil by 2.0% during the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after buying an additional 96 shares during the period. DDD Partners LLC raised its stake in Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after purchasing an additional 96 shares during the last quarter. Finally, Clarity Asset Management Inc. raised its holdings in shares of Exxon Mobil by 29.7% during the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock worth $47,000 after acquiring an additional 100 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.0%

Shares of XOM traded down $0.05 during trading hours on Thursday, reaching $111.85. 6,608,515 shares of the company traded hands, compared to its average volume of 16,737,875. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a market capitalization of $482.04 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50. The company's fifty day moving average price is $109.17 and its two-hundred day moving average price is $109.13. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. During the same period in the previous year, the business posted $2.06 earnings per share. The firm's quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.54%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Analysts Set New Price Targets

A number of brokerages recently commented on XOM. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a report on Tuesday, July 15th. Mizuho decreased their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Piper Sandler upped their target price on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $125.42.

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.