KLCM Advisors Inc. Purchases 81,371 Shares of Exxon Mobil Co. (NYSE:XOM)

KLCM Advisors Inc. grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 222.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 117,873 shares of the oil and gas company’s stock after buying an additional 81,371 shares during the quarter. Exxon Mobil accounts for approximately 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 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Rakuten Securities Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $198,000. Sfmg LLC increased its stake in shares of Exxon Mobil by 3.0% during the 4th quarter. Sfmg LLC now owns 16,702 shares of the oil and gas company’s stock worth $1,670,000 after purchasing an additional 484 shares during the last quarter. TRUE Private Wealth Advisors grew its stake in Exxon Mobil by 6.2% in the 4th quarter. TRUE Private Wealth Advisors now owns 52,198 shares of the oil and gas company’s stock valued at $5,219,000 after buying an additional 3,070 shares in the last quarter. Scissortail Wealth Management LLC grew its stake in Exxon Mobil by 525.6% in the 4th quarter. Scissortail Wealth Management LLC now owns 23,784 shares of the oil and gas company’s stock valued at $2,453,000 after buying an additional 19,982 shares in the last quarter. Finally, Tyche Wealth Partners LLC purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $13,773,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler lifted 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. 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. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. 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, Scotiabank raised their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $118.46 on Friday. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The company has a fifty day moving average of $111.18 and a 200-day moving average of $106.30. The company has a market capitalization of $468.90 billion, a P/E ratio of 13.33, a P/E/G ratio of 4.08 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter in the previous year, the company earned $3.40 earnings per share. Exxon Mobil’s quarterly revenue was down 11.6% on a year-over-year basis. As a group, equities research analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

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.