Apella Capital LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,092 shares of the oil and gas company’s stock after buying an additional 684 shares during the period. Apella Capital LLC’s holdings in Exxon Mobil were worth $893,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. FMR LLC raised its position in Exxon Mobil by 14.9% in the 2nd quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock valued at $11,573,746,000 after buying an additional 17,521,080 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Exxon Mobil by 94.1% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after acquiring an additional 19,230,872 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Exxon Mobil by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after purchasing an additional 560,517 shares during the period. Dimensional Fund Advisors LP raised its holdings in Exxon Mobil by 12.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock valued at $2,468,477,000 after acquiring an additional 3,094,957 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Exxon Mobil by 14.3% in the 2nd quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock valued at $2,144,479,000 after acquiring an additional 3,131,617 shares in the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.
Analyst Ratings Changes
XOM has been the subject of several analyst reports. Bank of America lifted their price objective on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Mizuho boosted their price target on Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. StockNews.com assumed coverage on Exxon Mobil in a report on Thursday. They set a “hold” rating for the company. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $120.00 to $135.00 in a report on Tuesday, January 17th. Finally, Argus upped their target price on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.
Insiders Place Their Bets
Exxon Mobil Stock Down 1.2 %
Shares of Exxon Mobil stock opened at $99.84 on Friday. Exxon Mobil Co. has a one year low of $78.10 and a one year high of $119.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The stock’s 50-day moving average is $111.74 and its 200 day moving average is $106.43. The firm has a market cap of $406.45 billion, a price-to-earnings ratio of 7.53, a PEG ratio of 0.46 and a beta of 1.09.
Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.32 by $0.08. The company had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.05 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 10.08 EPS for the current year.
Exxon Mobil Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were issued a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.65%. Exxon Mobil’s payout ratio is currently 27.45%.
About Exxon Mobil
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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