Apollon Wealth Management LLC Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Apollon Wealth Management LLC increased its position in Exxon Mobil Co. (NYSE:XOM) by 20.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 131,620 shares of the oil and gas company’s stock after acquiring an additional 22,405 shares during the quarter. Apollon Wealth Management LLC’s holdings in Exxon Mobil were worth $13,159,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Money Concepts Capital Corp raised its position in shares of Exxon Mobil by 3.1% in the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after buying an additional 95 shares during the period. Defined Wealth Management LLC raised its position in shares of Exxon Mobil by 2.4% in the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock worth $476,000 after buying an additional 96 shares during the period. Crown Wealth Group LLC increased its holdings in Exxon Mobil by 2.4% in the 3rd quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock valued at $488,000 after purchasing an additional 97 shares in the last quarter. Auxier Asset Management increased its holdings in Exxon Mobil by 0.8% in the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after purchasing an additional 97 shares in the last quarter. Finally, Pennsylvania Capital Management Inc. ADV increased its holdings in Exxon Mobil by 2.0% in the 3rd quarter. Pennsylvania Capital Management Inc. ADV now owns 4,932 shares of the oil and gas company’s stock valued at $580,000 after purchasing an additional 98 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

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

Exxon Mobil Trading Down 0.5 %

NYSE XOM traded down $0.53 on Tuesday, hitting $116.22. 30,112,328 shares of the stock were exchanged, compared to its average volume of 18,825,762. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company’s 50-day moving average price is $114.90 and its two-hundred day moving average price is $106.92. The company has a market capitalization of $458.26 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 4.03 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the previous year, the firm posted $2.83 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Research analysts predict that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Announces Dividend

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

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. TD Cowen raised their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Truist Financial raised their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Barclays started coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target on the stock. UBS Group lifted their price target on Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a report on Tuesday. Finally, HSBC lifted their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.18.

About Exxon Mobil

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.