Apollon Wealth Management LLC Grows Holdings in Exxon Mobil Corporation (NYSE:XOM)

Apollon Wealth Management LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 181,014 shares of the oil and gas company's stock after buying an additional 4,831 shares during the quarter. Apollon Wealth Management LLC's holdings in Exxon Mobil were worth $21,528,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC increased its position in shares of Exxon Mobil by 35.3% during the 4th quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock valued at $1,963,000 after purchasing an additional 4,760 shares during the last quarter. IMG Wealth Management Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $144,000. Atlanta Consulting Group Advisors LLC increased its position in shares of Exxon Mobil by 3.8% during the 4th quarter. Atlanta Consulting Group Advisors LLC now owns 26,452 shares of the oil and gas company's stock valued at $2,845,000 after purchasing an additional 970 shares during the last quarter. Gray Wealth Management Inc. increased its position in shares of Exxon Mobil by 11.0% during the 4th quarter. Gray Wealth Management Inc. now owns 21,333 shares of the oil and gas company's stock valued at $2,295,000 after purchasing an additional 2,120 shares during the last quarter. Finally, Addison Capital Co increased its position in shares of Exxon Mobil by 2.1% during the 4th quarter. Addison Capital Co now owns 14,648 shares of the oil and gas company's stock valued at $1,576,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE XOM traded down $0.66 during midday trading on Wednesday, reaching $112.26. 11,157,659 shares of the stock traded hands, compared to its average volume of 15,786,275. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The stock has a market capitalization of $483.78 billion, a PE ratio of 14.89, a P/E/G ratio of 2.15 and a beta of 0.50. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company's 50 day moving average is $108.54 and its 200 day moving average is $108.91.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the prior year, the firm posted $2.06 EPS. Exxon Mobil's quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.53%. Exxon Mobil's payout ratio is presently 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. TD Cowen upped their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. Piper Sandler increased their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Finally, Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $126.05.

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.