Benjamin F. Edwards & Company Inc. Has $5.83 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Benjamin F. Edwards & Company Inc. decreased its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,741 shares of the oil and gas company’s stock after selling 4,986 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Exxon Mobil were worth $5,827,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC lifted its holdings in Exxon Mobil by 0.3% in the second quarter. Global Retirement Partners LLC now owns 51,444 shares of the oil and gas company’s stock valued at $4,406,000 after buying an additional 156 shares during the period. CTC Capital Management LLC acquired a new position in shares of Exxon Mobil during the third quarter valued at about $1,807,000. WMG Financial Advisors LLC raised its holdings in shares of Exxon Mobil by 0.9% during the third quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock valued at $1,039,000 after purchasing an additional 108 shares during the period. Radnor Capital Management LLC raised its holdings in shares of Exxon Mobil by 0.8% during the second quarter. Radnor Capital Management LLC now owns 157,128 shares of the oil and gas company’s stock valued at $13,456,000 after purchasing an additional 1,241 shares during the period. Finally, Polaris Wealth Advisory Group LLC raised its holdings in shares of Exxon Mobil by 3,880.2% during the third quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after purchasing an additional 200,102 shares during the period. Institutional investors and hedge funds own 57.49% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $105.00, for a total transaction of $262,500.00. Following the sale, the vice president now directly owns 34,272 shares in the company, valued at approximately $3,598,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Down 0.1 %

Exxon Mobil stock opened at $113.15 on Friday. Exxon Mobil Co. has a twelve month low of $69.81 and a twelve month high of $114.66. The firm has a 50 day moving average price of $109.55 and a 200-day moving average price of $99.80. The company has a market capitalization of $465.98 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.48 and a beta of 1.11. The company has a quick ratio of 1.02, a current ratio of 1.34 and a debt-to-equity ratio of 0.20.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.57. The company had revenue of $112.07 billion for the quarter, compared to analysts’ expectations of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. Exxon Mobil’s revenue was up 51.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 13.87 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were paid a dividend of $0.91 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Monday, November 14th. Exxon Mobil’s dividend payout ratio is presently 29.71%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of analyst reports. Citigroup upped their target price on shares of Exxon Mobil from $98.00 to $110.00 in a report on Tuesday, November 22nd. JPMorgan Chase & Co. upped their target price on shares of Exxon Mobil from $102.00 to $103.00 and gave the stock an “overweight” rating in a report on Tuesday, October 18th. Mizuho upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the stock from $90.00 to $140.00 in a report on Tuesday, January 10th. StockNews.com initiated coverage on shares of Exxon Mobil in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, BNP Paribas upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 target price on the stock in a report on Tuesday, November 1st. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.41.

About Exxon Mobil

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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