Level Four Advisory Services LLC Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Level Four Advisory Services LLC cut its stake in Exxon Mobil Co. (NYSE:XOM) by 2.9% in the 4th quarter, Holdings Channel reports. The firm owned 66,878 shares of the oil and gas company’s stock after selling 2,008 shares during the period. Level Four Advisory Services LLC’s holdings in Exxon Mobil were worth $7,194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vertex Planning Partners LLC raised its stake in Exxon Mobil by 13.2% in the fourth quarter. Vertex Planning Partners LLC now owns 3,144 shares of the oil and gas company’s stock worth $338,000 after buying an additional 366 shares in the last quarter. Slagle Financial LLC boosted its position in Exxon Mobil by 3.9% during the 4th quarter. Slagle Financial LLC now owns 44,218 shares of the oil and gas company’s stock valued at $4,756,000 after acquiring an additional 1,651 shares in the last quarter. denkapparat Operations GmbH purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $204,000. Riverchase Wealth Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth approximately $308,000. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of Exxon Mobil by 16.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 272,991 shares of the oil and gas company’s stock valued at $29,366,000 after purchasing an additional 37,989 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on XOM shares. JPMorgan Chase & Co. cut their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Scotiabank cut their target price on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. TD Cowen lowered their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. HSBC decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Finally, Truist Financial boosted their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $129.05.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $117.94 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $511.75 billion, a P/E ratio of 15.04, a P/E/G ratio of 3.02 and a beta of 0.83. The business’s fifty day moving average is $110.63 and its two-hundred day moving average is $113.67. Exxon Mobil Co. has a 52 week low of $103.67 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the company posted $2.48 earnings per share. Equities research analysts forecast that Exxon Mobil Co. 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 Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

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.