Kinsale Capital Group Inc. Acquires 9,144 Shares of Exxon Mobil Co. (NYSE:XOM)

Kinsale Capital Group Inc. increased its holdings in Exxon Mobil Co. (NYSE:XOM) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,274 shares of the oil and gas company’s stock after acquiring an additional 9,144 shares during the period. Exxon Mobil comprises approximately 2.1% of Kinsale Capital Group Inc.’s portfolio, making the stock its 14th biggest holding. Kinsale Capital Group Inc.’s holdings in Exxon Mobil were worth $7,990,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of XOM. Bank of New York Mellon Corp grew its holdings in shares of Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock valued at $4,731,263,000 after acquiring an additional 5,538,694 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Exxon Mobil by 1,524.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after purchasing an additional 5,110,603 shares during the period. Franklin Resources Inc. grew its holdings in Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the period. Proficio Capital Partners LLC grew its holdings in Exxon Mobil by 13,899.5% during the fourth quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company’s stock valued at $1,963,000 after purchasing an additional 1,875,320 shares during the period. Finally, Strategic Financial Concepts LLC grew its holdings in Exxon Mobil by 11,131.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock valued at $192,853,000 after purchasing an additional 1,776,848 shares during the period. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 3.3 %

Shares of XOM stock opened at $107.69 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a 52-week low of $104.03 and a 52-week high of $126.34. The company has a market capitalization of $467.28 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The business’s fifty day moving average is $108.98 and its 200 day moving average is $114.12.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (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 period in the previous year, the company posted $2.48 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.68%. Exxon Mobil’s payout ratio is 50.51%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on XOM shares. HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday, January 31st. Mizuho reduced their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. Piper Sandler reduced their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Finally, Scotiabank dropped their target price on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil 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.