Level Financial Advisors Has $1.23 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Level Financial Advisors reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 30.6% in the 4th quarter, Holdings Channel reports. The firm owned 11,440 shares of the oil and gas company’s stock after selling 5,049 shares during the period. Level Financial Advisors’ holdings in Exxon Mobil were worth $1,231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter valued at approximately $46,000. Peterson Financial Group Inc. acquired a new position in shares of Exxon Mobil during the third quarter worth $51,000. Highline Wealth Partners LLC bought a new position in shares of Exxon Mobil in the 3rd quarter valued at $54,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Exxon Mobil during the 3rd quarter valued at $63,000. Finally, Annapolis Financial Services LLC increased its holdings in Exxon Mobil by 284.9% in the 3rd quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock worth $90,000 after purchasing an additional 567 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on XOM. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. The Goldman Sachs Group boosted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Wolfe Research increased their price objective on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Trading Up 0.7 %

NYSE:XOM opened at $109.48 on Friday. Exxon Mobil Co. has a 12 month low of $100.42 and a 12 month high of $126.34. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $481.18 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 2.86 and a beta of 0.91. The firm has a fifty day simple moving average of $110.91 and a two-hundred day simple moving average of $115.33.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same period last year, the business posted $2.27 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

About Exxon Mobil

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.