Benin Management CORP Lowers Position in Exxon Mobil Co. (NYSE:XOM)

Benin Management CORP lowered its holdings in Exxon Mobil Co. (NYSE:XOM - Free Report) by 7.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,654 shares of the oil and gas company's stock after selling 3,258 shares during the period. Exxon Mobil comprises 1.4% of Benin Management CORP's portfolio, making the stock its 13th largest position. Benin Management CORP's holdings in Exxon Mobil were worth $4,835,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. 10Elms LLP acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the fourth quarter valued at $32,000. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $36,000. Finally, Compass Planning Associates Inc bought a new position in shares of Exxon Mobil in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM traded down $0.51 during mid-day trading on Thursday, hitting $101.79. 13,905,570 shares of the company's stock were exchanged, compared to its average volume of 15,532,486. The firm has a market cap of $438.67 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. Exxon Mobil Co. has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock's 50-day simple moving average is $106.06 and its 200-day simple moving average is $109.42.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating 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 last year, the business posted $2.06 EPS. The company's revenue was up .1% compared to the same quarter last year. On average, equities research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on XOM shares. Mizuho lowered their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Morgan Stanley dropped their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. 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 research note on Monday, April 14th. Finally, Scotiabank decreased their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $125.50.

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.