ExxonMobil Corporation $XOM Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc reduced its position in ExxonMobil Corporation (NYSE:XOM) by 3.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 417,546 shares of the oil and gas company’s stock after selling 13,693 shares during the quarter. ExxonMobil comprises about 0.8% of Prospera Financial Services Inc’s holdings, making the stock its 19th largest position. Prospera Financial Services Inc’s holdings in ExxonMobil were worth $50,257,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Peoples Bank OH boosted its stake in shares of ExxonMobil by 0.5% in the fourth quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock valued at $1,804,000 after buying an additional 71 shares in the last quarter. Paulson Wealth Management Inc. lifted its holdings in ExxonMobil by 1.0% in the fourth quarter. Paulson Wealth Management Inc. now owns 7,368 shares of the oil and gas company’s stock valued at $887,000 after acquiring an additional 72 shares during the period. Peirce Capital Management LLC lifted its holdings in ExxonMobil by 1.7% in the fourth quarter. Peirce Capital Management LLC now owns 4,292 shares of the oil and gas company’s stock valued at $516,000 after acquiring an additional 72 shares during the period. MOKAN Wealth Management Inc. lifted its holdings in ExxonMobil by 1.3% in the fourth quarter. MOKAN Wealth Management Inc. now owns 5,903 shares of the oil and gas company’s stock valued at $711,000 after acquiring an additional 77 shares during the period. Finally, Field & Main Bank lifted its holdings in ExxonMobil by 0.3% in the fourth quarter. Field & Main Bank now owns 23,393 shares of the oil and gas company’s stock valued at $2,815,000 after acquiring an additional 78 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 2,150 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president owned 18,204 shares in the company, valued at $2,872,955.28. This trade represents a 10.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

XOM has been the subject of a number of recent analyst reports. Weiss Ratings downgraded ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Citigroup raised their target price on ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. BMO Capital Markets reissued a “market perform” rating and issued a $155.00 target price on shares of ExxonMobil in a report on Wednesday, February 4th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 target price on shares of ExxonMobil in a report on Tuesday, May 5th. Finally, Mizuho raised their target price on ExxonMobil from $140.00 to $162.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $163.95.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy signed a preliminary deal with Egypt to study development of Cyprus gas discoveries, opening a possible path to export gas through Egypt’s LNG infrastructure to Europe. Reuters: QatarEnergy, ExxonMobil sign deal with Egypt to study Cyprus gas development
• Positive Sentiment: Reports that ExxonMobil may be in talks to regain rights to produce oil in Venezuela suggest a potential long-term growth opportunity if the company can re-enter a major resource base. Reuters: Exxon may acquire rights to produce oil in Venezuela
• Positive Sentiment: Rising crude prices are also supportive, with WTI above $95 per barrel boosting Permian oil and associated gas activity, which could improve ExxonMobil’s upstream revenue and cash flow. Zacks: More Gas Per Barrel of Oil: A Growth Lever for Permian Operators
• Neutral Sentiment: Additional coverage highlighted ExxonMobil’s low-debt balance sheet and ongoing ability to fund dividends and projects, reinforcing the company’s financial resilience. Zacks: ExxonMobil’s Resilience: What Sets it Apart in Uncertain Times
• Neutral Sentiment: Technical commentary said XOM is pulling back after a breakout and testing support levels, which traders may be watching for confirmation of the broader uptrend. FXEmpire: ExxonMobil (XOM) Price Forecast
• Negative Sentiment: Governance-related headlines, including Exxon’s clash with proxy advisers ISS and Glass Lewis, may keep some pressure on the stock by adding uncertainty around the Texas move and shareholder voting dynamics. WSJ: Exxon Blasts Proxy Advisers for Conflict of Interest in Fight Over Texas Move

ExxonMobil Trading Down 0.3%

Shares of XOM stock opened at $154.82 on Friday. ExxonMobil Corporation has a fifty-two week low of $101.18 and a fifty-two week high of $176.41. The stock has a market cap of $641.71 billion, a P/E ratio of 26.11, a P/E/G ratio of 0.68 and a beta of 0.19. The business has a fifty day simple moving average of $155.79 and a 200-day simple moving average of $138.95. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter last year, the business posted $1.76 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts forecast that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be given a $1.03 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. ExxonMobil’s dividend payout ratio (DPR) is currently 69.48%.

About ExxonMobil

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.