Kayne Anderson Capital Advisors LP Boosts Position in Exxon Mobil Co. (NYSE:XOM)

Kayne Anderson Capital Advisors LP increased its position in Exxon Mobil Co. (NYSE:XOM) by 20.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 543,281 shares of the oil and gas company’s stock after acquiring an additional 94,081 shares during the quarter. Exxon Mobil comprises about 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 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of XOM. First Pacific Financial bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $34,000. Partnership Wealth Management LLC bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $46,000. Vima LLC purchased a new position in Exxon Mobil in the 4th quarter worth approximately $50,000. Redmont Wealth Advisors LLC bought a new position in shares of Exxon Mobil in the 1st quarter worth $88,000. Finally, Christopher J. Hasenberg Inc purchased a new stake in Exxon Mobil during the first quarter valued at about $91,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the stock. TD Cowen lifted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Truist Financial reissued a “hold” rating and issued a $124.00 price target (down from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Piper Sandler upped their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Barclays decreased their price objective on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a report on Tuesday. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.41.

Exxon Mobil Stock Down 0.1 %

XOM traded down $0.10 during midday trading on Friday, reaching $113.15. The company’s stock had a trading volume of 3,024,676 shares, compared to its average volume of 17,851,611. The stock’s 50-day moving average is $114.22 and its 200-day moving average is $110.34. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The firm has a market capitalization of $446.15 billion, a price-to-earnings ratio of 13.82, a PEG 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.

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 for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same period last year, the business earned $2.83 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Co. will post 9.02 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors 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 dividend payout ratio (DPR) is 46.57%.

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.