Level Four Advisory Services LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 16.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,276 shares of the oil and gas company’s stock after selling 21,147 shares during the period. Exxon Mobil comprises 0.8% of Level Four Advisory Services LLC’s investment portfolio, making the stock its 20th largest position. Level Four Advisory Services LLC’s holdings in Exxon Mobil were worth $11,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Stone House Investment Management LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $25,000. KB Financial Partners LLC purchased a new position in Exxon Mobil during the 1st quarter valued at $27,000. Dark Forest Capital Management LP bought a new position in Exxon Mobil in the 4th quarter worth $27,000. Corrado Advisors LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $28,000. Finally, Artemis Wealth Advisors LLC bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $36,000. Institutional investors own 58.53% of the company’s stock.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now owns 27,772 shares of the company’s stock, valued at $3,193,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jeffrey W. Ubben bought 458,000 shares of the stock in a transaction dated Monday, July 31st. The shares were purchased at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the acquisition, the director now owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the sale, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.
Exxon Mobil Stock Down 0.9 %
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The business had revenue of $82.91 billion during the quarter, compared to analysts’ expectations of $81.80 billion. During the same period in the previous year, the business posted $4.14 EPS. The business’s quarterly revenue was down 28.3% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Co. will post 8.94 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.64 annualized dividend and a yield of 3.13%. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.
Wall Street Analyst Weigh In
XOM has been the subject of several research analyst reports. Redburn Partners upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $100.00 to $105.00 in a report on Thursday, August 31st. StockNews.com initiated coverage on shares of Exxon Mobil in a research note on Thursday, August 17th. They set a “hold” rating on the stock. HSBC raised their target price on shares of Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. Morgan Stanley lifted their price objective on Exxon Mobil from $121.00 to $124.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $125.00 price target on shares of Exxon Mobil in a report on Wednesday, July 19th. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.43.
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.
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