Apella Capital LLC Buys 12,956 Shares of Exxon Mobil Corporation $XOM

Apella Capital LLC raised its stake in Exxon Mobil Corporation (NYSE:XOMFree Report) by 50.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,807 shares of the oil and gas company’s stock after buying an additional 12,956 shares during the period. Apella Capital LLC’s holdings in Exxon Mobil were worth $4,294,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Axis Wealth Partners LLC lifted its stake in Exxon Mobil by 1.8% during the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after purchasing an additional 90 shares during the last quarter. Sagace Wealth Management LLC raised its holdings in shares of Exxon Mobil by 2.7% during the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock valued at $388,000 after buying an additional 90 shares in the last quarter. Park Edge Advisors LLC lifted its position in Exxon Mobil by 0.3% in the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock worth $3,453,000 after buying an additional 91 shares during the last quarter. Willow Creek Wealth Management Inc. boosted its stake in Exxon Mobil by 3.6% in the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock worth $285,000 after buying an additional 91 shares in the last quarter. Finally, Capstone Wealth Management LLC boosted its stake in Exxon Mobil by 3.8% in the third quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock worth $285,000 after buying an additional 92 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Bank of America decreased their price target on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. BNP Paribas upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Mizuho upped their price target on shares of Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Barclays decreased their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.45.

Check Out Our Latest Stock Analysis on XOM

More Exxon Mobil News

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Exxon Mobil Price Performance

XOM opened at $120.98 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The stock has a market capitalization of $510.20 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 7.58 and a beta of 0.38. The stock’s 50 day moving average price is $116.98 and its 200-day moving average price is $113.39. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $121.80.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 59.88%.

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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