Next Level Wealth Planning LLC Takes Position in Exxon Mobil Corporation (NYSE:XOM)

Next Level Wealth Planning LLC acquired a new position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,586 shares of the oil and gas company's stock, valued at approximately $664,000. Exxon Mobil comprises approximately 0.5% of Next Level Wealth Planning LLC's portfolio, making the stock its 18th biggest holding.

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

Exxon Mobil Trading Up 0.5%

Shares of XOM stock traded up $0.55 during trading on Tuesday, hitting $108.60. 13,966,836 shares of the stock traded hands, compared to its average volume of 15,872,844. The firm has a market capitalization of $468.04 billion, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The firm's fifty day moving average price is $108.66 and its 200-day moving average price is $108.98. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen raised their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Piper Sandler boosted their price objective on Exxon Mobil from $131.00 to $134.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, UBS Group reduced their target price on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.42.

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.