Benjamin Edwards Inc. Raises Stake in Exxon Mobil Corporation $XOM

Benjamin Edwards Inc. raised its stake in shares of Exxon Mobil Corporation (NYSE:XOMFree Report) by 3.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 613,076 shares of the oil and gas company’s stock after buying an additional 21,786 shares during the quarter. Exxon Mobil comprises 0.8% of Benjamin Edwards Inc.’s portfolio, making the stock its 24th largest holding. Benjamin Edwards Inc.’s holdings in Exxon Mobil were worth $69,131,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of XOM. Eagle Capital Management LLC increased its stake in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of Exxon Mobil in the first quarter worth $305,000. Jones Financial Companies Lllp boosted its position in shares of Exxon Mobil by 52.3% during the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock valued at $45,149,000 after acquiring an additional 131,600 shares during the last quarter. AdviceOne Advisory Services LLC raised its holdings in Exxon Mobil by 2.8% during the 1st quarter. AdviceOne Advisory Services LLC now owns 5,667 shares of the oil and gas company’s stock valued at $674,000 after buying an additional 155 shares during the period. Finally, Cullen Investment Group LTD. lifted its stake in shares of Exxon Mobil by 9.3% during the 2nd quarter. Cullen Investment Group LTD. now owns 104,777 shares of the oil and gas company’s stock worth $11,295,000 after acquiring an additional 8,909 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. BNP Paribas Exane upgraded shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a report on Monday, December 8th. Piper Sandler decreased their target price on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday. Morgan Stanley upped their price objective on shares of Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. Sanford C. Bernstein reduced their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $129.71.

Get Our Latest Research Report on XOM

Exxon Mobil Trading Up 1.4%

Shares of XOM stock opened at $124.60 on Friday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $125.93. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $118.05 and its two-hundred day moving average is $113.91. The company has a market capitalization of $525.44 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 7.68 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a $1.03 dividend. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.3%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the transaction, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

Exxon Mobil Profile

(Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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

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