Apella Capital LLC Purchases 2,787 Shares of Exxon Mobil Co. (NYSE:XOM)

Apella Capital LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 16.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,459 shares of the oil and gas company’s stock after purchasing an additional 2,787 shares during the quarter. Apella Capital LLC’s holdings in Exxon Mobil were worth $2,365,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the second quarter worth about $35,000. Anfield Capital Management LLC boosted its position in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC bought a new stake in Exxon Mobil during the 2nd quarter worth approximately $39,000. Finally, POM Investment Strategies LLC lifted its stake in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 0.9 %

Shares of XOM opened at $122.57 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The firm’s 50-day moving average price is $116.16 and its 200-day moving average price is $115.89. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $483.29 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 4.86 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 8.06 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analyst Ratings Changes

Several research firms recently issued reports on XOM. Wolfe Research began coverage on Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Mizuho lifted their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. UBS Group decreased their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Finally, Sanford C. Bernstein decreased their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $134.44.

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.