KCM Investment Advisors LLC Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

KCM Investment Advisors LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 11.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,786 shares of the oil and gas company's stock after buying an additional 3,677 shares during the quarter. KCM Investment Advisors LLC's holdings in Exxon Mobil were worth $3,957,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of XOM. West Oak Capital LLC increased its position in shares of Exxon Mobil by 0.6% during the fourth quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock worth $1,743,000 after purchasing an additional 92 shares in the last quarter. Beacon Capital Management LLC raised its position in shares of Exxon Mobil by 1.1% in the fourth quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock valued at $923,000 after buying an additional 93 shares during the last quarter. Cadent Capital Advisors LLC boosted its position in Exxon Mobil by 0.3% during the fourth quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company's stock worth $4,020,000 after acquiring an additional 94 shares during the last quarter. Lincoln Capital LLC grew its stake in Exxon Mobil by 1.1% during the 4th quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company's stock valued at $917,000 after acquiring an additional 94 shares in the last quarter. Finally, Altus Wealth Group LLC raised its holdings in Exxon Mobil by 0.9% in the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company's stock valued at $1,090,000 after acquiring an additional 94 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on XOM. TD Cowen dropped their price target on Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday, December 16th. Truist Financial raised their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Piper Sandler lowered their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. UBS Group cut their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating on the stock in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $128.80.

Exxon Mobil Stock Down 7.3 %

Shares of Exxon Mobil stock traded down $8.26 on Friday, reaching $104.17. 30,827,385 shares of the company were exchanged, compared to its average volume of 15,739,626. Exxon Mobil Co. has a 1-year low of $103.67 and a 1-year high of $126.34. The company has a market cap of $452.01 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock's 50 day moving average price is $111.16 and its 200-day moving average price is $113.81.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the firm posted $2.48 EPS. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.80%. Exxon Mobil's dividend payout ratio is currently 50.51%.

Exxon Mobil Company 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.