Kirtland Hills Capital Management LLC Has $374,000 Stock Position in Exxon Mobil Co. (NYSE:XOM)

Kirtland Hills Capital Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 quarter.

Other hedge funds have also added to or reduced their stakes in the company. Orrstown Financial Services Inc. grew its holdings in Exxon Mobil by 116.4% during the 3rd quarter. Orrstown Financial Services Inc. now owns 12,288 shares of the oil and gas company’s stock worth $1,440,000 after acquiring an additional 6,610 shares during the period. Worth Financial Advisory Group LLC boosted its position in shares of Exxon Mobil by 7.7% in the 3rd quarter. Worth Financial Advisory Group LLC now owns 9,477 shares of the oil and gas company’s stock worth $1,111,000 after purchasing an additional 675 shares during the last quarter. Smith Group Asset Management LLC grew its stake in shares of Exxon Mobil by 1.5% during the third quarter. Smith Group Asset Management LLC now owns 146,482 shares of the oil and gas company’s stock worth $17,171,000 after purchasing an additional 2,187 shares during the period. Traynor Capital Management Inc. increased its holdings in Exxon Mobil by 1.1% in the third quarter. Traynor Capital Management Inc. now owns 31,846 shares of the oil and gas company’s stock valued at $3,733,000 after purchasing an additional 348 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. lifted its stake in Exxon Mobil by 132.0% in the third quarter. China Universal Asset Management Co. Ltd. now owns 16,119 shares of the oil and gas company’s stock valued at $1,889,000 after buying an additional 9,171 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Mizuho decreased their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. HSBC decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Truist Financial increased their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Bernstein Bank boosted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, BMO Capital Markets lowered their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of the 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 completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Up 0.6 %

Shares of Exxon Mobil stock opened at $110.06 on Friday. Exxon Mobil Co. has a 52-week low of $104.00 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The business’s 50 day simple moving average is $108.84 and its 200 day simple moving average is $114.31. The firm has a market cap of $477.58 billion, a PE ratio of 14.04, a P/E/G ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business posted $2.48 earnings per share. On average, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm 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 dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.60%. Exxon Mobil’s dividend payout ratio is 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.