Benin Management CORP Makes New Investment in ExxonMobil Corporation $XOM

Key Points

• Benin Management CORP acquired 56,200 ExxonMobil shares worth approximately $9.15 million, making XOM 1.7% of its portfolio and its ninth-largest holding.
• Institutional interest remains substantial, with hedge funds and other institutional investors owning 61.8% of ExxonMobil; several major investors increased their positions during the first and second quarters.
• Analysts maintain a “Moderate Buy” consensus with a $167.70 price target, while ExxonMobil recently traded at $183.23. The company also pays a $1.03 quarterly dividend, equivalent to a 2.2% yield.

Benin Management CORP acquired a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 56,200 shares of the oil and gas company's stock, valued at approximately $9,147,000. ExxonMobil accounts for 1.7% of Benin Management CORP's investment portfolio, making the stock its 9th largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Dimensional Fund Advisors LP boosted its position in ExxonMobil by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company's stock worth $4,812,790,000 after purchasing an additional 1,540,902 shares in the last quarter. Amundi increased its position in shares of ExxonMobil by 5.1% in the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company's stock valued at $4,158,563,000 after buying an additional 1,192,386 shares in the last quarter. GQG Partners LLC increased its position in shares of ExxonMobil by 153.3% in the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company's stock valued at $2,307,497,000 after buying an additional 10,214,420 shares in the last quarter. Swiss National Bank raised its stake in shares of ExxonMobil by 5.9% during the 1st quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company's stock worth $2,099,783,000 after buying an additional 693,800 shares during the last quarter. Finally, National Pension Service boosted its position in shares of ExxonMobil by 1.8% in the 2nd quarter. National Pension Service now owns 9,664,021 shares of the oil and gas company's stock worth $1,321,265,000 after buying an additional 166,268 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Upcoming earnings may provide support: Wall Street expects ExxonMobil to report year-over-year earnings growth next week, and Zacks says the company has factors that could support a potential earnings beat. Exxon Mobil Holdings Reports Next Week
• Positive Sentiment: Analyst estimates moved higher: Erste Group raised its FY2027 EPS forecast to $11.81 from $11.12, signaling improving expectations for ExxonMobil’s future earnings power. ExxonMobil analyst estimate report
• Positive Sentiment: Oil prices and upstream assets remain favorable: ExxonMobil’s low-cost Permian and Guyana operations are viewed as supporting production growth toward its 2030 ambitions. Higher crude prices, including Brent above $100 per barrel after Middle East attacks, have helped drive the stock’s recent gains. ExxonMobil long-term upstream production
• Positive Sentiment: Dividend and balance-sheet appeal: ExxonMobil is highlighted among mega-cap companies with a long record of raising payouts through different economic and interest-rate environments. Analysts also cite its stronger balance sheet relative to BP, while momentum-focused coverage points to continued investor interest. Dividend stocks with long payout records
• Neutral Sentiment: Valuation and relative-performance debate: ExxonMobil has substantially outperformed this year and compares favorably with BP on gains and financial strength, but analysts give Chevron an edge for further upside based on free cash flow, cost savings and projected 2026 earnings growth. Chevron versus ExxonMobil
• Negative Sentiment: Illinois refinery disruption: An issue at ExxonMobil’s Joliet refinery is contributing to higher gasoline prices in the Chicago area and could pressure near-term refinery operations, although the wider market impact remains uncertain. Midwest pump prices surge after Illinois refinery disruption

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. BNP Paribas Exane lowered their price objective on shares of ExxonMobil from $165.00 to $155.00 and set a "neutral" rating on the stock in a research note on Friday, July 17th. Bank of America downgraded shares of ExxonMobil from a "buy" rating to a "neutral" rating and upped their price target for the company from $154.00 to $158.00 in a report on Tuesday, July 28th. Wall Street Zen upgraded shares of ExxonMobil from a "hold" rating to a "buy" rating in a research report on Saturday. TD Cowen raised their price objective on shares of ExxonMobil from $168.00 to $180.00 and gave the stock a "buy" rating in a research note on Monday, September 28th. Finally, Zacks Research upgraded ExxonMobil from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $167.70.

ExxonMobil Trading Up 2.8%

XOM opened at $183.23 on Friday. ExxonMobil Corporation has a 12-month low of $112.51 and a 12-month high of $183.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market capitalization of $759.46 billion, a PE ratio of 23.58, a P/E/G ratio of 0.89 and a beta of 0.21. The firm's fifty day moving average price is $165.80 and its 200 day moving average price is $155.09.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). The company had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%. During the same period in the prior year, the business earned $1.64 earnings per share. As a group, research analysts expect that ExxonMobil Corporation will post 13.63 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.2%. ExxonMobil's dividend payout ratio (DPR) is presently 53.02%.

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil NYSE: XOM, is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.

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