Exxon Mobil Corporation (NYSE:XOM) Shares Acquired by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. increased its position in Exxon Mobil by 13.8%, acquiring an additional 69,102 shares, bringing its total holdings to 570,274 shares valued at $67.8 million.
• The recent analyst ratings for Exxon Mobil show a consensus rating of "Hold", with a price target averaging $125.26 among analysts.
• Exxon Mobil announced a quarterly dividend of $0.99 per share payable on September 10th, with a current dividend yield of 3.7%.

Benjamin Edwards Inc. grew its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 13.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 570,274 shares of the oil and gas company's stock after buying an additional 69,102 shares during the period. Exxon Mobil comprises 0.9% of Benjamin Edwards Inc.'s portfolio, making the stock its 14th largest position. Benjamin Edwards Inc.'s holdings in Exxon Mobil were worth $67,823,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Family Office Research LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth $220,000. Harbert Fund Advisors Inc. grew its position in Exxon Mobil by 79.0% during the fourth quarter. Harbert Fund Advisors Inc. now owns 8,950 shares of the oil and gas company's stock worth $963,000 after buying an additional 3,950 shares in the last quarter. Heritage Trust Co acquired a new stake in Exxon Mobil during the fourth quarter valued at approximately $7,192,000. Glass Jacobson Investment Advisors llc boosted its holdings in Exxon Mobil by 0.9% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 12,799 shares of the oil and gas company's stock valued at $1,377,000 after purchasing an additional 114 shares in the last quarter. Finally, Integrity Financial Corp WA boosted its holdings in shares of Exxon Mobil by 19.9% in the 4th quarter. Integrity Financial Corp WA now owns 2,227 shares of the oil and gas company's stock worth $240,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Down 0.9%

Shares of XOM traded down $0.93 during midday trading on Monday, hitting $105.87. The stock had a trading volume of 13,564,288 shares, compared to its average volume of 15,592,594. The stock's 50 day moving average is $109.89 and its 200 day moving average is $108.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market cap of $451.35 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 2.01 and a beta of 0.53. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company's revenue was down 12.4% compared to the same quarter last year. During the same period last year, the business earned $2.14 EPS. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's payout ratio is 56.25%.

Wall Street Analyst Weigh In

Several brokerages have commented on XOM. TD Cowen upped their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. UBS Group lowered their target price on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $125.26.

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.