Next Level Private LLC Has $4.39 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Next Level Private LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,923 shares of the oil and gas company’s stock after purchasing an additional 167 shares during the quarter. Exxon Mobil accounts for approximately 2.5% of Next Level Private LLC’s holdings, making the stock its 10th biggest position. Next Level Private LLC’s holdings in Exxon Mobil were worth $4,391,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. grew its stake in shares of Exxon Mobil by 83.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company’s stock valued at $149,213,000 after purchasing an additional 575,649 shares during the period. Qsemble Capital Management LP lifted its position in shares of Exxon Mobil by 34.3% during the 3rd quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company’s stock valued at $553,000 after buying an additional 1,200 shares in the last quarter. Meyer Handelman Co. lifted its position in shares of Exxon Mobil by 5.9% during the 3rd quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company’s stock valued at $45,971,000 after buying an additional 21,895 shares in the last quarter. Flputnam Investment Management Co. lifted its position in shares of Exxon Mobil by 36.0% during the 3rd quarter. Flputnam Investment Management Co. now owns 87,395 shares of the oil and gas company’s stock valued at $10,276,000 after buying an additional 23,148 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Exxon Mobil by 41.3% during the 3rd quarter. HB Wealth Management LLC now owns 160,807 shares of the oil and gas company’s stock valued at $18,908,000 after buying an additional 46,987 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of analyst reports. Piper Sandler lowered their price objective on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. TD Cowen raised Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Tuesday, January 23rd. JPMorgan Chase & Co. lowered their price objective 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. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Finally, Mizuho boosted their price target on Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $128.18.

Exxon Mobil Stock Up 0.4 %

Shares of XOM opened at $115.48 on Thursday. The stock has a market capitalization 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 Co. has a 1 year low of $95.77 and a 1 year high of $120.70. The business’s 50 day simple moving average is $104.98 and its 200-day simple 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 (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.40 EPS. As a group, equities analysts expect that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Insider Activity

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.06% of the company’s stock.

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.