KLCM Advisors Inc. grew its stake in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 29.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 34,648 shares of the oil and gas company’s stock after buying an additional 7,793 shares during the period. KLCM Advisors Inc.’s holdings in ExxonMobil were worth $4,170,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Eagle Capital Management LLC lifted its holdings in ExxonMobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares in the last quarter. Caxton Associates LLP purchased a new position in ExxonMobil during the first quarter valued at approximately $305,000. Sivia Capital Partners LLC lifted its holdings in ExxonMobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after purchasing an additional 207 shares in the last quarter. United Bank lifted its holdings in ExxonMobil by 2.8% during the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after purchasing an additional 600 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its holdings in ExxonMobil by 17.4% during the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock valued at $3,957,000 after purchasing an additional 5,443 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.
ExxonMobil Stock Up 3.4%
NYSE XOM opened at $149.44 on Tuesday. The stock’s 50 day moving average is $154.96 and its 200 day moving average is $136.54. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 12 month low of $101.18 and a 12 month high of $176.41. The stock has a market cap of $619.41 billion, a PE ratio of 25.20, a P/E/G ratio of 0.63 and a beta of 0.19.
ExxonMobil Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. ExxonMobil’s payout ratio is presently 69.48%.
Insider Transactions at ExxonMobil
In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following the sale, the vice president owned 17,124 shares of the company’s stock, valued at $2,662,782. The trade was a 5.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.
More ExxonMobil News
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Oil-market disruption risks tied to Middle East conflict and supply shortages could keep crude prices elevated, which would likely support ExxonMobil’s cash flow and earnings. Fuel Shortages Could Hit This Summer and Oil Execs Say Recovery Is Months Away. 3 Stocks to Own While It Lasts.
- Positive Sentiment: Analyst discussion from Exxon’s Q1 earnings call highlighted strong operational execution, including higher production in the Permian and Guyana, helping offset geopolitical and weather-related disruptions. The 5 Most Interesting Analyst Questions From ExxonMobil’s Q1 Earnings Call
- Positive Sentiment: Reports that Exxon is weighing a potential reentry into Venezuela suggest optionality for future production growth if policy and investment conditions improve. Exxon Mobil Weighs Venezuela Reentry Against Valuation And Dividend Concerns
- Neutral Sentiment: ExxonMobil is approaching an ex-dividend date, which may appeal to income investors but is not a major fundamental catalyst on its own. Income Investors Should Know That Exxon Mobil Corporation (NYSE:XOM) Goes Ex-Dividend Soon
- Neutral Sentiment: Commentary about a potential oil-shock scenario and higher crude prices reinforces the broader bullish energy setup, but it is more macro-focused than company-specific. The Zacks Analyst Blog Micron, Exxon and RWE AG
- Negative Sentiment: Some coverage noted valuation and dividend concerns around a Venezuela reentry, suggesting investors may question whether the opportunity justifies the risks. Exxon Mobil Weighs Venezuela Reentry Against Valuation And Dividend Concerns
Analyst Ratings Changes
A number of research analysts recently commented on the company. Piper Sandler lowered their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Jefferies Financial Group boosted their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. TD Cowen lowered their price target on ExxonMobil from $175.00 to $172.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, Loop Capital set a $123.00 price target on ExxonMobil in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, ExxonMobil has a consensus rating of “Moderate Buy” and a consensus target price of $163.95.
Get Our Latest Analysis on ExxonMobil
ExxonMobil Company Profile
ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.
ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.
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