Apella Capital LLC Acquires 684 Shares of Exxon Mobil Co. (NYSE:XOM)

Apella Capital LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 9.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,092 shares of the oil and gas company’s stock after acquiring an additional 684 shares during the quarter. Apella Capital LLC’s holdings in Exxon Mobil were worth $893,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Axiom Financial Strategies LLC increased its stake in Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 1,173 shares during the period. Retirement Income Solutions Inc acquired a new stake in Exxon Mobil in the first quarter worth about $275,000. Loomis Sayles & Co. L P boosted its holdings in Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after acquiring an additional 13,065 shares in the last quarter. Ergoteles LLC boosted its holdings in Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth about $237,000. 57.49% of the stock is currently owned by institutional investors.

Exxon Mobil Price Performance

NYSE XOM opened at $99.84 on Friday. The stock’s 50-day moving average price is $111.74 and its two-hundred day moving average price is $106.43. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The company has a market cap of $406.45 billion, a PE ratio of 7.53, a PEG ratio of 0.46 and a beta of 1.09. Exxon Mobil Co. has a 1 year low of $78.10 and a 1 year high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.32 by $0.08. The business had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 EPS. On average, analysts predict that Exxon Mobil Co. will post 10.08 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were paid a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.65%. Exxon Mobil’s payout ratio is 27.45%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on XOM shares. StockNews.com assumed coverage on Exxon Mobil in a research report on Thursday. They set a “hold” rating for the company. Piper Sandler dropped their price target on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. Mizuho boosted their price objective on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. Barclays boosted their price objective on Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Finally, HSBC upped their price target on Exxon Mobil to $111.00 in a research note on Friday, December 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.64.

About Exxon Mobil

(Get Rating)

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.