Exxon Mobil Co. (NYSE:XOM) Shares Bought by Kirtland Hills Capital Management LLC

Kirtland Hills Capital Management LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,481 shares of the oil and gas company’s stock after acquiring an additional 303 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Exxon Mobil were worth $374,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Vertex Planning Partners LLC lifted its position in shares of Exxon Mobil by 3.1% in the third quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company’s stock worth $326,000 after buying an additional 83 shares during the last quarter. First Heartland Consultants Inc. increased its holdings in shares of Exxon Mobil by 0.9% during the 3rd quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company’s stock valued at $1,108,000 after acquiring an additional 87 shares during the last quarter. Latitude Advisors LLC raised its stake in shares of Exxon Mobil by 0.7% in the 3rd quarter. Latitude Advisors LLC now owns 13,378 shares of the oil and gas company’s stock valued at $1,568,000 after acquiring an additional 88 shares in the last quarter. Longfellow Investment Management Co. LLC lifted its holdings in Exxon Mobil by 0.6% in the 3rd quarter. Longfellow Investment Management Co. LLC now owns 14,537 shares of the oil and gas company’s stock worth $1,704,000 after purchasing an additional 88 shares during the last quarter. Finally, West Oak Capital LLC boosted its position in 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 during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Wolfe Research lifted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Piper Sandler decreased their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Scotiabank dropped their price objective on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Up 0.6 %

XOM opened at $110.06 on Friday. The company has a market capitalization of $477.58 billion, a P/E ratio of 14.04, a P/E/G ratio of 3.02 and a beta of 0.89. 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 firm’s fifty day moving average price is $108.84 and its two-hundred day moving average price is $114.31. Exxon Mobil Co. has a fifty-two week low of $104.00 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last issued 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the business earned $2.48 EPS. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.60%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

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.