Kickstand Ventures LLC. Increases Holdings in Exxon Mobil Corporation $XOM

Key Points

• Kickstand Ventures LLC significantly increased its holdings in Exxon Mobil Corporation by 70.4%, acquiring an additional 5,279 shares, bringing its total to 12,779 shares valued at approximately $1.38 million.
• Other institutional investors are also increasing their stakes, with notable purchases including a new position by Nuveen LLC valued at about $2.73 billion and a 15,135.7% increase by GQG Partners LLC.
• Analysts have set an average target price of $124.75 for Exxon Mobil, with the stock receiving a mix of ratings including one "Strong Buy" and ten "Buy" ratings, reflecting positive market sentiment.

Kickstand Ventures LLC. boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 70.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,779 shares of the oil and gas company's stock after purchasing an additional 5,279 shares during the period. Kickstand Ventures LLC.'s holdings in Exxon Mobil were worth $1,378,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $2,730,414,000. GQG Partners LLC lifted its position in Exxon Mobil by 15,135.7% in the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock valued at $1,197,753,000 after acquiring an additional 10,004,975 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Exxon Mobil in the 2nd quarter valued at approximately $607,621,000. Ameriprise Financial Inc. lifted its position in Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock valued at $3,213,848,000 after acquiring an additional 2,639,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Exxon Mobil by 72.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company's stock valued at $598,280,000 after acquiring an additional 2,332,293 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The shares were 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 owned 13,829 shares of the company's stock, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on XOM. Weiss Ratings reiterated a "hold (c)" rating on shares of Exxon Mobil in a research note on Saturday, September 27th. Morgan Stanley boosted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Melius Research started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of "Hold" and an average target price of $124.75.

Exxon Mobil Trading Down 0.0%

Shares of XOM stock opened at $114.19 on Wednesday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $124.26. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market capitalization of $486.82 billion, a PE ratio of 16.22, a PEG ratio of 2.08 and a beta of 0.51. The stock has a fifty day simple moving average of $111.23 and a two-hundred day simple moving average of $109.50.

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 (EPS) for the quarter, topping 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 analyst estimates of $79.07 billion. During the same quarter in the prior year, the business posted $2.14 EPS. Exxon Mobil's revenue for the quarter was down 12.4% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio is presently 56.25%.

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.

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