Apollon Wealth Management LLC Acquires 22,405 Shares of Exxon Mobil Co. (NYSE:XOM)

Apollon Wealth Management LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 20.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 131,620 shares of the oil and gas company’s stock after buying an additional 22,405 shares during the period. Apollon Wealth Management LLC’s holdings in Exxon Mobil were worth $13,159,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. PDS Planning Inc raised its position in Exxon Mobil by 1.6% in the 3rd quarter. PDS Planning Inc now owns 17,792 shares of the oil and gas company’s stock valued at $2,092,000 after buying an additional 279 shares during the last quarter. Cavalier Investments LLC purchased a new stake in Exxon Mobil in the 3rd quarter valued at $1,762,000. Mcdaniel Terry & Co. raised its position in Exxon Mobil by 9.4% in the 3rd quarter. Mcdaniel Terry & Co. now owns 54,963 shares of the oil and gas company’s stock valued at $6,463,000 after buying an additional 4,700 shares during the last quarter. Armor Investment Advisors LLC raised its position in Exxon Mobil by 1.3% in the 3rd quarter. Armor Investment Advisors LLC now owns 16,543 shares of the oil and gas company’s stock valued at $1,945,000 after buying an additional 207 shares during the last quarter. Finally, Carderock Capital Management Inc. raised its position in Exxon Mobil by 37.2% in the 3rd quarter. Carderock Capital Management Inc. now owns 4,363 shares of the oil and gas company’s stock valued at $513,000 after buying an additional 1,183 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group raised their target price on Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a research report on Tuesday. Piper Sandler lifted their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Barclays initiated coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. Truist Financial lifted their price target on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Scotiabank raised their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $134.18.

Exxon Mobil Trading Down 0.5 %

Shares of XOM traded down $0.53 during mid-day trading on Tuesday, hitting $116.22. 30,112,328 shares of the company’s stock traded hands, compared to its average volume of 18,825,762. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a market capitalization of $458.26 billion, a P/E ratio of 14.24, a PEG ratio of 4.03 and a beta of 0.96. The business’s 50-day moving average price is $114.90 and its 200-day moving average price is $106.92.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period last year, the firm posted $2.83 earnings per share. Exxon Mobil’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 9.61 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.27%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

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.