Prossimo Advisors LLC Has $842,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Prossimo Advisors LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 22.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,185 shares of the oil and gas company’s stock after buying an additional 1,333 shares during the period. Prossimo Advisors LLC’s holdings in Exxon Mobil were worth $842,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of XOM. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the 1st quarter valued at about $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the second quarter worth about $35,000. Anfield Capital Management LLC boosted its stake in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in Exxon Mobil in the second quarter worth $39,000. Finally, POM Investment Strategies LLC raised its position in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial dropped their price target on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Mizuho lifted their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. lifted their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday. UBS Group reduced their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Finally, BMO Capital Markets lifted their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $130.37.

Exxon Mobil Stock Down 1.6 %

Shares of NYSE:XOM opened at $114.95 on Monday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock’s 50-day moving average is $117.67 and its 200 day moving average is $116.33. The company has a market cap of $453.25 billion, a PE ratio of 13.75, a P/E/G ratio of 4.86 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 8.01 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.44%. Exxon Mobil’s payout ratio is presently 45.45%.

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.