Kayne Anderson Capital Advisors LP Buys 94,081 Shares of Exxon Mobil Co. (NYSE:XOM)

Kayne Anderson Capital Advisors LP grew its stake in Exxon Mobil Co. (NYSE:XOM) by 20.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 543,281 shares of the oil and gas company’s stock after acquiring an additional 94,081 shares during the period. Exxon Mobil accounts for 1.8% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 16th biggest holding. Kayne Anderson Capital Advisors LP’s holdings in Exxon Mobil were worth $63,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Carmel Capital Partners LLC boosted its position in Exxon Mobil by 1.0% during the 1st quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock valued at $1,022,000 after purchasing an additional 86 shares during the period. PFS Partners LLC grew its position in shares of Exxon Mobil by 0.5% during the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock worth $2,190,000 after acquiring an additional 89 shares during the last quarter. Bay Rivers Group increased its holdings in shares of Exxon Mobil by 2.5% in the 1st quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock worth $436,000 after acquiring an additional 90 shares during the period. Gilbert & Cook Inc. lifted its position in Exxon Mobil by 0.4% in the 1st quarter. Gilbert & Cook Inc. now owns 25,564 shares of the oil and gas company’s stock valued at $2,972,000 after purchasing an additional 91 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in Exxon Mobil by 0.8% during the 1st quarter. Lindbrook Capital LLC now owns 11,205 shares of the oil and gas company’s stock valued at $1,302,000 after purchasing an additional 93 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM traded down $0.10 during mid-day trading on Friday, reaching $113.15. The company had a trading volume of 3,024,676 shares, compared to its average volume of 17,851,611. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The stock has a market cap of $446.15 billion, a PE ratio of 13.82, a P/E/G ratio of 4.14 and a beta of 0.91. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $114.22 and a two-hundred day moving average price of $110.34.

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 the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the previous year, the firm posted $2.83 EPS. Exxon Mobil’s quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Co. will post 9.02 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.36%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on XOM shares. Mizuho lifted their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a report on Monday, May 13th. HSBC lifted their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Piper Sandler raised their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. TD Cowen lifted 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. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

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.