KLCM Advisors Inc. Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

KLCM Advisors Inc. raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 222.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 117,873 shares of the oil and gas company’s stock after purchasing an additional 81,371 shares during the period. Exxon Mobil accounts for about 1.8% of KLCM Advisors Inc.’s portfolio, making the stock its 21st largest position. KLCM Advisors Inc.’s holdings in Exxon Mobil were worth $11,785,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Traynor Capital Management Inc. grew its position in shares of Exxon Mobil by 4.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock worth $276,000 after buying an additional 94 shares during the last quarter. Money Concepts Capital Corp grew 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 last quarter. Defined Wealth Management LLC grew 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 last quarter. Well Done LLC grew its position in shares of Exxon Mobil by 0.8% in the 3rd quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock worth $1,462,000 after buying an additional 97 shares during the last quarter. Finally, Crown Wealth Group LLC grew its position in shares of 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 worth $488,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Exxon Mobil Trading Down 0.1 %

NYSE XOM opened at $118.46 on Friday. The firm has a 50 day simple moving average of $111.18 and a 200-day simple moving average of $106.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a one year low of $95.77 and a one year high of $123.75. The firm has a market cap of $468.90 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 4.08 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. During the same quarter in the previous year, the firm earned $3.40 earnings per share. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a yield of 3.21%. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on XOM shares. UBS Group lifted their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Scotiabank lifted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. TD Cowen lifted their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Piper Sandler lifted their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $132.28.

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.