Next Level Wealth Planning LLC Buys Shares of 5,586 Exxon Mobil Corporation (NYSE:XOM)

Next Level Wealth Planning LLC bought a new stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 5,586 shares of the oil and gas company's stock, valued at approximately $664,000. Exxon Mobil comprises 0.5% of Next Level Wealth Planning LLC's holdings, making the stock its 18th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Summit Global Investments lifted its position in shares of Exxon Mobil by 50.2% in the 4th quarter. Summit Global Investments now owns 8,605 shares of the oil and gas company's stock worth $926,000 after buying an additional 2,876 shares during the last quarter. Clune & Associates LTD. bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $1,262,000. Woodmont Investment Counsel LLC raised its position in shares of Exxon Mobil by 43.4% during the 4th quarter. Woodmont Investment Counsel LLC now owns 70,863 shares of the oil and gas company's stock worth $7,623,000 after purchasing an additional 21,455 shares during the period. Jackson Thornton Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 39.9% in the 4th quarter. Jackson Thornton Wealth Management LLC now owns 4,222 shares of the oil and gas company's stock worth $454,000 after purchasing an additional 1,204 shares during the last quarter. Finally, Hirtle Callaghan & Co LLC grew its stake in Exxon Mobil by 7.2% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 3,171 shares of the oil and gas company's stock worth $341,000 after buying an additional 213 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of analyst reports. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Morgan Stanley restated an "overweight" rating on shares of Exxon Mobil in a research note on Tuesday, July 15th. Finally, TD Cowen increased their target price 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $125.42.

Exxon Mobil Trading Up 0.9%

Shares of Exxon Mobil stock traded up $0.94 on Thursday, reaching $110.87. 15,217,892 shares of the company were exchanged, compared to its average volume of 16,906,223. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm has a market capitalization of $477.80 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 2.02 and a beta of 0.50. The stock has a fifty day moving average price of $108.65 and a 200-day moving average price of $108.98.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The business's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 earnings per share. On average, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.57%. Exxon Mobil's payout ratio is currently 52.52%.

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.