Prossimo Advisors LLC Sells 4,103 Shares of Exxon Mobil Corporation $XOM

Prossimo Advisors LLC lowered its position in Exxon Mobil Corporation (NYSE:XOM) by 56.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,200 shares of the oil and gas company’s stock after selling 4,103 shares during the quarter. Prossimo Advisors LLC’s holdings in Exxon Mobil were worth $345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in XOM. Eagle Capital Management LLC increased its stake in shares of Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares during the period. Liberty Wealth Management LLC increased its position in Exxon Mobil by 2,045.9% during the 1st quarter. Liberty Wealth Management LLC now owns 152,166 shares of the oil and gas company’s stock valued at $18,097,000 after purchasing an additional 145,075 shares during the period. Quantum Financial Planning Services Inc. raised its holdings in Exxon Mobil by 17.7% during the 1st quarter. Quantum Financial Planning Services Inc. now owns 4,684 shares of the oil and gas company’s stock worth $557,000 after purchasing an additional 706 shares during the last quarter. Cheviot Value Management LLC lifted its position in shares of Exxon Mobil by 2.0% in the 1st quarter. Cheviot Value Management LLC now owns 120,024 shares of the oil and gas company’s stock worth $14,274,000 after purchasing an additional 2,305 shares during the period. Finally, Scotia Capital Inc. increased its position in shares of Exxon Mobil by 2.6% during the first quarter. Scotia Capital Inc. now owns 267,115 shares of the oil and gas company’s stock worth $31,768,000 after buying an additional 6,895 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 price target on the stock. Melius started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Piper Sandler boosted their target price on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Mizuho reduced their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Finally, Barclays dropped their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.67.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $115.87 on Monday. The company has a market cap of $488.64 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $120.81. The business has a 50 day moving average price of $114.84 and a 200-day moving average price of $111.38.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion for the quarter. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.6%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. Exxon Mobil’s dividend payout ratio is 59.88%.

Exxon Mobil 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.