Kayne Anderson Capital Advisors LP Has $44.91 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Kayne Anderson Capital Advisors LP lifted its holdings in Exxon Mobil Co. (NYSE:XOM) by 34.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 449,200 shares of the oil and gas company’s stock after acquiring an additional 114,100 shares during the period. Exxon Mobil makes up approximately 1.4% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 21st biggest position. Kayne Anderson Capital Advisors LP’s holdings in Exxon Mobil were worth $44,911,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Money Concepts Capital Corp grew its position in shares of Exxon Mobil by 3.1% during the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock worth $367,000 after buying an additional 95 shares during the period. Defined Wealth Management LLC increased its stake in Exxon Mobil by 2.4% in the third quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock valued at $476,000 after purchasing an additional 96 shares in the last quarter. Crown Wealth Group LLC raised its holdings in shares of Exxon Mobil by 2.4% during the third quarter. Crown Wealth Group LLC now owns 4,154 shares of the oil and gas company’s stock valued at $488,000 after purchasing an additional 97 shares during the period. Auxier Asset Management grew its stake in shares of Exxon Mobil by 0.8% in the 3rd quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock valued at $1,524,000 after buying an additional 97 shares during the period. Finally, Pennsylvania Capital Management Inc. ADV increased its position in Exxon Mobil by 2.0% in the 3rd quarter. Pennsylvania Capital Management Inc. ADV now owns 4,932 shares of the oil and gas company’s stock valued at $580,000 after buying an additional 98 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded up $1.49 during trading hours on Thursday, hitting $117.64. 3,062,248 shares of the company’s stock traded hands, compared to its average volume of 18,644,695. The stock has a market capitalization of $463.86 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 4.03 and a beta of 0.96. Exxon Mobil Co. has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a fifty day simple moving average of $115.15 and a 200-day simple moving average of $106.95.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $2.83 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 9.61 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.23%. Exxon Mobil’s payout ratio is 46.57%.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent research reports. Truist Financial increased their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Barclays began coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. TD Cowen raised their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Mizuho reissued a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Finally, Scotiabank lifted their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.18.

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.