Kinsale Capital Group Inc. Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

Kinsale Capital Group Inc. increased its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,274 shares of the oil and gas company's stock after buying an additional 9,144 shares during the period. Exxon Mobil accounts for 2.1% of Kinsale Capital Group Inc.'s portfolio, making the stock its 14th largest position. Kinsale Capital Group Inc.'s holdings in Exxon Mobil were worth $7,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of XOM. Keystone Financial Group Inc. bought a new position in shares of Exxon Mobil in the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $46,000. Compass Planning Associates Inc bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $47,000. Compass Financial Services Inc purchased a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $48,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 3rd quarter worth approximately $51,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on XOM shares. JPMorgan Chase & Co. lowered their price objective on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. TD Cowen dropped their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research note on Monday, December 16th. Morgan Stanley raised their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. BMO Capital Markets decreased their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a report on Friday, January 31st. Finally, Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.25.

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Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $1.43 during midday trading on Friday, hitting $109.05. 19,611,416 shares of the company's stock traded hands, compared to its average volume of 14,967,943. The firm has a fifty day moving average of $109.00 and a 200 day moving average of $113.94. Exxon Mobil Co. has a 1 year low of $103.67 and a 1 year 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 stock has a market capitalization of $473.20 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results 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 net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the previous year, the firm earned $2.48 EPS. On average, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.63%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil's dividend payout ratio is 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at $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 available at this hyperlink. 0.03% of the stock is owned by company insiders.

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.