KLCM Advisors Inc. Grows Position in Exxon Mobil Co. (NYSE:XOM)

KLCM Advisors Inc. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 222.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,873 shares of the oil and gas company's stock after purchasing an additional 81,371 shares during the quarter. Exxon Mobil comprises 1.8% of KLCM Advisors Inc.'s investment portfolio, making the stock its 21st biggest holding. KLCM Advisors Inc.'s holdings in Exxon Mobil were worth $11,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC raised its holdings in shares of Exxon Mobil by 10.7% in the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company's stock worth $205,000 after acquiring an additional 199 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Exxon Mobil by 83.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company's stock worth $149,213,000 after acquiring an additional 575,649 shares during the last quarter. Qsemble Capital Management LP raised its holdings in shares of Exxon Mobil by 34.3% in the 3rd quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company's stock worth $553,000 after acquiring an additional 1,200 shares during the last quarter. RNC Capital Management LLC raised its holdings in shares of Exxon Mobil by 5.5% in the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company's stock worth $8,791,000 after acquiring an additional 4,585 shares during the last quarter. Finally, Meyer Handelman Co. raised its holdings in shares of Exxon Mobil by 5.9% in the 3rd quarter. Meyer Handelman Co. now owns 390,975 shares of the oil and gas company's stock worth $45,971,000 after acquiring an additional 21,895 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

XOM traded up $1.38 on Friday, hitting $119.90. The company's stock had a trading volume of 21,568,269 shares, compared to its average volume of 18,285,398. The company's 50 day simple moving average is $111.18 and its 200-day simple moving average is $106.30. The firm has a market cap of $474.60 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 4.08 and a beta of 0.96. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate 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 period last year, the firm earned $3.40 EPS. Exxon Mobil's revenue for the quarter was down 11.6% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil's payout ratio is 42.74%.

Analysts Set New Price Targets

A number of research firms recently weighed in on XOM. Mizuho restated a "neutral" rating and issued a $125.00 target price on shares of Exxon Mobil in a report on Thursday, April 4th. UBS Group increased their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, April 11th. Piper Sandler increased their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday. Barclays began coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an "overweight" rating and a $147.00 price objective for the company. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.28.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm's stock in a transaction 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 directly owns 30,189 shares of the company's stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.06% of the company's stock.

Exxon Mobil Profile

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.