C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Buys 2,459 Shares of Exxon Mobil Co. (NYSE:XOM)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,220 shares of the oil and gas company’s stock after buying an additional 2,459 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Exxon Mobil were worth $2,498,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in XOM. Litman Gregory Wealth Management LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at $340,000. Sterling Investment Counsel LLC lifted its position in Exxon Mobil by 47.0% during the 3rd quarter. Sterling Investment Counsel LLC now owns 5,367 shares of the oil and gas company’s stock worth $629,000 after acquiring an additional 1,717 shares during the period. Sprinkle Financial Consultants LLC increased its holdings in Exxon Mobil by 6.7% in the 3rd quarter. Sprinkle Financial Consultants LLC now owns 3,713 shares of the oil and gas company’s stock worth $435,000 after buying an additional 232 shares during the period. Detalus Advisors LLC increased its stake in shares of Exxon Mobil by 14.5% in the third quarter. Detalus Advisors LLC now owns 4,386 shares of the oil and gas company’s stock worth $514,000 after acquiring an additional 554 shares during the period. Finally, Eagle Bay Advisors LLC boosted its stake in shares of Exxon Mobil by 1.4% in the third quarter. Eagle Bay Advisors LLC now owns 19,982 shares of the oil and gas company’s stock worth $2,342,000 after buying an additional 271 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $110.67 on Friday. The firm has a market capitalization of $486.39 billion, a P/E ratio of 14.12, a P/E/G ratio of 2.97 and a beta of 0.89. Exxon Mobil Co. has a 52-week low of $102.88 and a 52-week high of $126.34. 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 fifty day moving average price of $108.60 and a two-hundred day moving average price of $114.49.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the firm earned $2.48 earnings per share. As a group, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.58%. Exxon Mobil’s payout ratio is presently 50.51%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. HSBC dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. BMO Capital Markets dropped their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

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.