Exxon Mobil Corporation (NYSE:XOM) Shares Bought by Kinsale Capital Group Inc.

Key Points

• Kinsale Capital Group Inc. increased its holdings in Exxon Mobil by 16.3%, now owning approximately $10.27 million worth of the stock, making it the 9th largest position in their portfolio.
• Exxon Mobil reported an earnings per share (EPS) of $1.76 for the latest quarter, beating estimates, although quarterly revenue was $83.13 billion, below consensus expectations.
• The company announced a quarterly dividend of $0.99, yielding 3.59% with a payout ratio of 52.52%.

Kinsale Capital Group Inc. grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 16.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,352 shares of the oil and gas company's stock after purchasing an additional 12,078 shares during the quarter. Exxon Mobil comprises about 2.5% of Kinsale Capital Group Inc.'s portfolio, making the stock its 9th biggest holding. Kinsale Capital Group Inc.'s holdings in Exxon Mobil were worth $10,270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. 10Elms LLP acquired a new position in shares of Exxon Mobil during the 4th quarter worth approximately $25,000. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil in the 1st quarter valued at $29,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil in the 4th quarter valued at $32,000. Cloud Capital Management LLC bought a new stake in Exxon Mobil in the 1st quarter valued at $45,000. Finally, Clarity Asset Management Inc. boosted its stake in Exxon Mobil by 29.7% in the 4th quarter. Clarity Asset Management Inc. now owns 437 shares of the oil and gas company's stock valued at $47,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $1.03 during trading on Monday, reaching $111.43. 12,351,347 shares of the company's stock were exchanged, compared to its average volume of 13,922,875. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a market cap of $480.22 billion, a P/E ratio of 14.78, a PEG ratio of 2.08 and a beta of 0.50. The firm's 50-day moving average price is $108.85 and its 200 day moving average price is $109.08.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same quarter in the prior year, the firm earned $2.06 EPS. The business's revenue for the quarter was up .1% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.55%. Exxon Mobil's payout ratio is presently 52.52%.

Analysts Set New Price Targets

XOM has been the subject of several recent research reports. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. UBS Group reduced their price target on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $125.42.

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.