Benjamin Edwards Inc. Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Benjamin Edwards Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 501,172 shares of the oil and gas company’s stock after acquiring an additional 8,437 shares during the quarter. Exxon Mobil accounts for approximately 0.8% of Benjamin Edwards Inc.’s holdings, making the stock its 26th biggest holding. Benjamin Edwards Inc.’s holdings in Exxon Mobil were worth $53,916,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Norges Bank bought a new position in shares of Exxon Mobil in the 4th quarter worth $6,936,737,000. Bank of New York Mellon Corp raised its holdings in Exxon Mobil by 14.4% in the fourth quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company’s stock worth $4,731,263,000 after purchasing an additional 5,538,694 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Exxon Mobil by 1,524.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after buying an additional 5,110,603 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company’s stock valued at $3,836,226,000 after buying an additional 4,140,046 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Exxon Mobil by 7.0% in the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock worth $4,950,087,000 after buying an additional 2,998,892 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $106.20 on Friday. The firm’s fifty day moving average is $109.36 and its two-hundred day moving average is $111.67. The firm has a market cap of $459.35 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil Co. has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the prior year, the business earned $2.06 earnings per share. The company’s revenue was up .1% compared to the same quarter last year. Research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.73%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on XOM. Truist Financial increased their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Scotiabank lowered their price objective on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. HSBC reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Wells Fargo & Company cut their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.50.

About Exxon Mobil

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.