KLCM Advisors Inc. raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,770 shares of the oil and gas company’s stock after acquiring an additional 1,400 shares during the quarter. Exxon Mobil makes up 0.5% of KLCM Advisors Inc.’s portfolio, making the stock its 28th biggest holding. KLCM Advisors Inc.’s holdings in Exxon Mobil were worth $1,838,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. CWH Capital Management Inc. acquired a new position in Exxon Mobil in the second quarter valued at $114,000. Horan Securities Inc. increased its stake in Exxon Mobil by 20.8% in the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 260 shares during the last quarter. Watermark Asset Management Inc. acquired a new position in Exxon Mobil in the first quarter valued at $136,000. Acrospire Investment Management LLC increased its stake in Exxon Mobil by 172.7% in the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Exxon Mobil by 2.7% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after purchasing an additional 50 shares during the last quarter. 51.18% of the stock is owned by institutional investors.

In other news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Robert N. Schleckser sold 4,877 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,645,464.31. The disclosure for this sale can be found here. Insiders sold 42,513 shares of company stock valued at $3,465,657 in the last ninety days. Company insiders own 0.08% of the company’s stock.

Shares of Exxon Mobil Corporation (NYSE XOM) traded up $0.37 during trading hours on Tuesday, reaching $83.03. The company’s stock had a trading volume of 8,760,700 shares, compared to its average volume of 10,964,720. The firm has a market capitalization of $350,239.19, a price-to-earnings ratio of 23.22, a PEG ratio of 1.73 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. During the same quarter in the prior year, the business earned $0.63 earnings per share. research analysts predict that Exxon Mobil Corporation will post 3.65 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Friday, November 10th. Exxon Mobil’s payout ratio is 100.33%.

Several equities analysts recently commented on XOM shares. Vetr upgraded Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 target price for the company in a research note on Thursday, August 17th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $80.00 target price (down from $81.00) on shares of Exxon Mobil in a research note on Friday, August 18th. Barclays set a $94.00 target price on Exxon Mobil and gave the company a “buy” rating in a research note on Monday, August 21st. Independent Research set a $84.00 target price on Exxon Mobil and gave the company a “neutral” rating in a research note on Monday, August 21st. Finally, UBS reiterated an “underweight” rating on shares of Exxon Mobil in a research note on Thursday, August 24th. Six equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Exxon Mobil has a consensus rating of “Hold” and an average target price of $86.18.

ILLEGAL ACTIVITY NOTICE: “KLCM Advisors Inc. Has $1.84 Million Stake in Exxon Mobil Corporation (XOM)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/12/12/klcm-advisors-inc-has-1-84-million-stake-in-exxon-mobil-corporation-xom.html.

About Exxon Mobil

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Stock Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related stocks with our FREE daily email newsletter.