Apella Capital LLC Acquires 6,400 Shares of Exxon Mobil Co. (NYSE:XOM)

Apella Capital LLC increased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 34.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 24,770 shares of the oil and gas company's stock after purchasing an additional 6,400 shares during the quarter. Apella Capital LLC's holdings in Exxon Mobil were worth $2,946,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $789,000. Union Bancaire Privee UBP SA bought a new stake in Exxon Mobil in the 4th quarter valued at $48,348,000. Powers Advisory Group LLC grew its position in Exxon Mobil by 1.4% in the 4th quarter. Powers Advisory Group LLC now owns 9,284 shares of the oil and gas company's stock worth $999,000 after purchasing an additional 130 shares during the last quarter. Keudell Morrison Wealth Management increased its holdings in shares of Exxon Mobil by 4.2% during the 4th quarter. Keudell Morrison Wealth Management now owns 37,192 shares of the oil and gas company's stock worth $4,001,000 after purchasing an additional 1,503 shares during the period. Finally, Hamilton Point Investment Advisors LLC raised its position in shares of Exxon Mobil by 11.8% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 6,604 shares of the oil and gas company's stock valued at $710,000 after buying an additional 697 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

XOM stock traded down $0.51 during midday trading on Thursday, reaching $101.79. 13,905,570 shares of the company's stock traded hands, compared to its average volume of 15,532,481. The company has a 50-day simple moving average of $106.06 and a two-hundred day simple moving average of $109.42. The company has a market cap of $438.67 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 3.02 and a beta of 0.51. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil Co. has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data 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 net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter last year, the company posted $2.06 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.89%. Exxon Mobil's dividend payout ratio is currently 52.52%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on XOM shares. Piper Sandler lowered Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Mizuho decreased their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. UBS Group dropped their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $125.50.

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.