Benjamin F. Edwards & Company Inc. Raises Stake in Exxon Mobil Co. (NYSE:XOM)

Benjamin F. Edwards & Company Inc. boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 480.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,380 shares of the oil and gas company’s stock after buying an additional 353,796 shares during the quarter. Exxon Mobil makes up 0.9% of Benjamin F. Edwards & Company Inc.’s portfolio, making the stock its 18th largest position. Benjamin F. Edwards & Company Inc.’s holdings in Exxon Mobil were worth $42,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Trust Co. of Toledo NA OH grew its holdings in Exxon Mobil by 12.5% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 60,647 shares of the oil and gas company’s stock worth $7,131,000 after acquiring an additional 6,727 shares in the last quarter. Evanson Asset Management LLC lifted its position in shares of Exxon Mobil by 5.7% in the 3rd quarter. Evanson Asset Management LLC now owns 25,776 shares of the oil and gas company’s stock worth $3,031,000 after purchasing an additional 1,382 shares during the period. Charles Schwab Trust Co boosted its stake in shares of Exxon Mobil by 147.5% during the third quarter. Charles Schwab Trust Co now owns 26,682 shares of the oil and gas company’s stock valued at $3,137,000 after purchasing an additional 15,903 shares in the last quarter. Lineweaver Wealth Advisors LLC increased its holdings in Exxon Mobil by 86.2% during the third quarter. Lineweaver Wealth Advisors LLC now owns 14,606 shares of the oil and gas company’s stock valued at $1,718,000 after buying an additional 6,761 shares during the period. Finally, KG&L Capital Management LLC raised its stake in Exxon Mobil by 4.1% in the third quarter. KG&L Capital Management LLC now owns 81,775 shares of the oil and gas company’s stock worth $9,608,000 after buying an additional 3,191 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Piper Sandler increased their target price on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. HSBC lifted their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday. TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday. UBS Group lifted their price objective on shares of Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.06.

Exxon Mobil Stock Performance

NYSE XOM traded down $0.21 during trading hours on Friday, reaching $116.03. The stock had a trading volume of 28,021,338 shares, compared to its average volume of 18,548,303. The stock has a fifty day moving average of $114.41 and a 200 day moving average of $106.92. The stock has a market cap of $457.51 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period last year, the business earned $2.83 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts predict that Exxon Mobil Co. will post 9.6 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. Exxon Mobil’s payout ratio is 46.57%.

Exxon Mobil Company Profile

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.