Apollon Financial LLC Buys 967 Shares of Exxon Mobil Co. (NYSE:XOM)

Apollon Financial LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 10.6% in the third quarter, Holdings Channel.com reports. The firm owned 10,061 shares of the oil and gas company’s stock after acquiring an additional 967 shares during the period. Apollon Financial LLC’s holdings in Exxon Mobil were worth $1,179,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp raised its holdings in Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after acquiring an additional 414 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Exxon Mobil during the first quarter worth $933,000. Empowered Funds LLC grew its position in shares of Exxon Mobil by 5.6% in the 1st quarter. Empowered Funds LLC now owns 925,591 shares of the oil and gas company’s stock valued at $107,591,000 after acquiring an additional 49,083 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Exxon Mobil by 5.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 395,025 shares of the oil and gas company’s stock worth $45,918,000 after purchasing an additional 20,691 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Exxon Mobil by 5.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 875,088 shares of the oil and gas company’s stock valued at $101,720,000 after purchasing an additional 47,897 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.1 %

Shares of XOM stock opened at $120.35 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The company has a market cap of $528.95 billion, a PE ratio of 14.99, a P/E/G ratio of 5.05 and a beta of 0.90. The stock’s fifty day moving average price is $117.96 and its two-hundred day moving average price is $116.32.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.27 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.29%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 47.32%.

Wall Street Analyst Weigh In

XOM has been the subject of several research reports. Barclays cut their price target on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Bank of America initiated coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Sanford C. Bernstein dropped their target price on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

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.