Exxon Mobil Corporation $XOM Shares Purchased by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in Exxon Mobil by 30.8% during the first quarter, bringing its total holdings to 13,785 shares valued at approximately $1.64 million.
• Exxon Mobil's recent quarterly earnings report revealed an earnings per share of $1.64, exceeding analysts' expectations, alongside a significant revenue of $81.51 billion.
• The company announced a quarterly dividend of $0.99 per share, which results in an annual yield of 3.5% for investors.

Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 30.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 13,785 shares of the oil and gas company's stock after acquiring an additional 3,244 shares during the period. Kayne Anderson Rudnick Investment Management LLC's holdings in Exxon Mobil were worth $1,639,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Boothbay Fund Management LLC lifted its position in Exxon Mobil by 53.9% during the 4th quarter. Boothbay Fund Management LLC now owns 3,812 shares of the oil and gas company's stock worth $410,000 after acquiring an additional 1,335 shares in the last quarter. Quarry LP raised its position in shares of Exxon Mobil by 123.8% in the 4th quarter. Quarry LP now owns 998 shares of the oil and gas company's stock valued at $107,000 after purchasing an additional 552 shares in the last quarter. Bellwether Advisors LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at approximately $104,000. Ion Asset Management Ltd. raised its position in shares of Exxon Mobil by 11.8% in the 4th quarter. Ion Asset Management Ltd. now owns 6,150 shares of the oil and gas company's stock valued at $662,000 after purchasing an additional 650 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its position in shares of Exxon Mobil by 23.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 17,078 shares of the oil and gas company's stock valued at $1,837,000 after purchasing an additional 3,197 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the topic of a number of recent analyst reports. Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. UBS Group upped their target price on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price on the stock. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of "Hold" and an average target price of $125.00.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $111.71 on Wednesday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $476.26 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 2.09 and a beta of 0.53. The business has a 50 day simple moving average of $110.18 and a 200-day simple moving average of $108.92.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the previous year, the business earned $2.14 EPS. The business's quarterly revenue was down 12.4% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio is presently 56.25%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

About Exxon Mobil

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.

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