Exxon Mobil Corporation $XOM Stake Increased by Next Level Private LLC

Next Level Private LLC boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 0.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 42,646 shares of the oil and gas company’s stock after buying an additional 195 shares during the period. Exxon Mobil comprises 1.5% of Next Level Private LLC’s portfolio, making the stock its 20th largest position. Next Level Private LLC’s holdings in Exxon Mobil were worth $4,597,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Park Edge Advisors LLC boosted its position in shares of Exxon Mobil by 0.3% in the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after acquiring an additional 91 shares during the period. Axis Wealth Partners LLC lifted its holdings in shares of Exxon Mobil by 1.9% during the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock worth $591,000 after acquiring an additional 93 shares during the period. Gagnon Securities LLC boosted its stake in Exxon Mobil by 1.3% in the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock valued at $860,000 after buying an additional 95 shares in the last quarter. Ascent Capital Management LLC grew its holdings in shares of Exxon Mobil by 2.0% during the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock worth $584,000 after purchasing an additional 96 shares during the last quarter. Finally, DDD Partners LLC raised its holdings in shares of Exxon Mobil by 1.4% in the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock valued at $810,000 after buying an additional 96 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.2%

XOM stock opened at $112.39 on Tuesday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a market cap of $479.15 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. The company has a fifty day moving average price of $110.58 and a two-hundred day moving average price of $109.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. The company had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Exxon Mobil’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.14 EPS. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Analyst Ratings Changes

Several research firms have weighed in on XOM. TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Melius initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Melius Research began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Finally, Bank of America raised their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $124.76.

Exxon Mobil Company 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.