Benjamin Edwards Inc. Acquires 461,828 Shares of Exxon Mobil Co. (NYSE:XOM)

Benjamin Edwards Inc. raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1,494.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 492,735 shares of the oil and gas company’s stock after acquiring an additional 461,828 shares during the period. Exxon Mobil makes up approximately 0.8% of Benjamin Edwards Inc.’s holdings, making the stock its 17th biggest position. Benjamin Edwards Inc.’s holdings in Exxon Mobil were worth $57,764,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Fairway Wealth LLC purchased a new position in Exxon Mobil in the second quarter worth about $35,000. Anfield Capital Management LLC increased its stake in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new position in Exxon Mobil in the 2nd quarter worth $39,000. POM Investment Strategies LLC grew its holdings in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil in the second quarter worth about $46,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.3 %

NYSE XOM opened at $117.96 on Monday. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company’s 50-day moving average price is $119.76 and its 200-day moving average price is $116.55. The stock has a market cap of $518.45 billion, a PE ratio of 14.69, a PEG ratio of 4.95 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the prior year, the firm earned $2.27 EPS. The company’s revenue for the quarter was down .8% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 7.94 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.36%. Exxon Mobil’s payout ratio is 49.32%.

Analysts Set New Price Targets

A number of equities research analysts have commented on XOM shares. The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Royal Bank of Canada decreased their price target on Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 26th. Wolfe Research upped their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Morgan Stanley lowered their price target on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. Finally, Mizuho boosted their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.95.

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.