Benjamin Edwards Inc. lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 24.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,693 shares of the oil and gas company’s stock after purchasing an additional 7,418 shares during the quarter. Exxon Mobil makes up about 1.0% of Benjamin Edwards Inc.’s holdings, making the stock its 22nd biggest position. Benjamin Edwards Inc.’s holdings in Exxon Mobil were worth $3,291,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the business. Stonegate Investment Group LLC increased its stake in shares of Exxon Mobil by 0.8% during the 3rd quarter. Stonegate Investment Group LLC now owns 969,180 shares of the oil and gas company’s stock worth $84,619,000 after purchasing an additional 7,447 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Exxon Mobil by 10.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 29,770 shares of the oil and gas company’s stock worth $2,599,000 after purchasing an additional 2,826 shares during the last quarter. Pettyjohn Wood & White Inc. increased its stake in shares of Exxon Mobil by 0.5% during the 3rd quarter. Pettyjohn Wood & White Inc. now owns 112,619 shares of the oil and gas company’s stock worth $9,833,000 after purchasing an additional 552 shares during the last quarter. Eukles Asset Management increased its stake in shares of Exxon Mobil by 4.6% during the 3rd quarter. Eukles Asset Management now owns 3,361 shares of the oil and gas company’s stock worth $293,000 after purchasing an additional 149 shares during the last quarter. Finally, Whitener Capital Management Inc. increased its stake in shares of Exxon Mobil by 1.6% during the 3rd quarter. Whitener Capital Management Inc. now owns 24,850 shares of the oil and gas company’s stock worth $2,169,000 after purchasing an additional 400 shares during the last quarter. 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 Exxon Mobil stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $110.47, for a total transaction of $276,175.00. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $2,801,850.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Exxon Mobil Price Performance
NYSE:XOM opened at $113.15 on Friday. The company has a 50-day moving average of $109.55 and a 200-day moving average of $99.80. The company has a market capitalization of $465.98 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.48 and a beta of 1.11. Exxon Mobil Co. has a 52 week low of $69.81 and a 52 week high of $114.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.34.
Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings data on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.57. The company had revenue of $112.07 billion during the quarter, compared to the consensus estimate of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The firm’s revenue for the quarter was up 51.9% compared to the same quarter last year. During the same period last year, the firm earned $1.58 EPS. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 13.87 earnings per share for the current fiscal year.
Exxon Mobil Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were issued a dividend of $0.91 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.88. This represents a $3.64 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Monday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 29.71%.
Exxon Mobil Profile
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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