Exxon Mobil Co. (NYSE:XOM) Stock Position Boosted by Next Level Private LLC

Next Level Private LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 43,923 shares of the oil and gas company’s stock after buying an additional 167 shares during the quarter. Exxon Mobil makes up about 2.5% of Next Level Private LLC’s portfolio, making the stock its 10th largest holding. Next Level Private LLC’s holdings in Exxon Mobil were worth $4,391,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. KB Financial Partners LLC purchased a new position in Exxon Mobil during the first quarter worth approximately $27,000. IMA Wealth Inc. lifted its position in Exxon Mobil by 720.0% during the second quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after buying an additional 324 shares in the last quarter. FWL Investment Management LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at $43,000. Turim 21 Investimentos Ltda. raised its position in Exxon Mobil by 222.5% in the first quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares during the period. Finally, DHJJ Financial Advisors Ltd. purchased a new stake in Exxon Mobil in the third quarter valued at $49,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on XOM. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. UBS Group reduced their target price on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a research report on Friday, December 8th. Redburn Atlantic upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their target price for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, TD Cowen upgraded Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Tuesday, January 23rd. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.18.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $115.48 on Thursday. The stock’s 50-day moving average is $104.98 and its two-hundred day moving average is $105.89. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $120.70. The company has a market cap of $458.21 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 4.17 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter in the prior year, the business earned $3.40 EPS. Exxon Mobil’s revenue was down 11.6% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.29%. Exxon Mobil’s payout ratio is currently 42.74%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.06% 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.