Apollon Financial LLC Acquires 4,462 Shares of Exxon Mobil Co. (NYSE:XOM)

Apollon Financial LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 44.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,523 shares of the oil and gas company’s stock after buying an additional 4,462 shares during the quarter. Apollon Financial LLC’s holdings in Exxon Mobil were worth $1,562,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rockline Wealth Management LLC lifted its position in Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after buying an additional 1,498 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its position in Exxon Mobil by 10.7% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after purchasing an additional 4,578 shares during the last quarter. Helen Stephens Group LLC lifted its position in Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after purchasing an additional 2,825 shares during the last quarter. Brooklyn Investment Group lifted its position in Exxon Mobil by 36.8% in the third quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after purchasing an additional 6,753 shares during the last quarter. Finally, Parthenon LLC lifted its position in Exxon Mobil by 2.4% in the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock valued at $22,458,000 after purchasing an additional 4,445 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $111.71 on Wednesday. Exxon Mobil Co. has a 1-year low of $100.42 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business has a fifty day moving average price of $109.28 and a 200-day moving average price of $114.92. The company has a market capitalization of $490.98 billion, a PE ratio of 14.25, a PEG ratio of 2.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the company earned $2.48 EPS. As a group, equities analysts expect that Exxon Mobil Co. will post 7.37 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XOM. Piper Sandler lowered their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. HSBC lowered their price objective 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. Wolfe Research boosted their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Mizuho reduced their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Bernstein Bank upped their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.