Benjamin F. Edwards & Company Inc. Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Benjamin F. Edwards & Company Inc. lifted its position in Exxon Mobil Co. (NYSE:XOM) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 453,836 shares of the oil and gas company’s stock after buying an additional 23,611 shares during the quarter. Exxon Mobil makes up approximately 0.9% of Benjamin F. Edwards & Company Inc.’s portfolio, making the stock its 13th biggest holding. Benjamin F. Edwards & Company Inc.’s holdings in Exxon Mobil were worth $52,245,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Patron Partners LLC raised its stake in Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after purchasing an additional 2,564 shares in the last quarter. YHB Investment Advisors Inc. raised its stake in Exxon Mobil by 5.9% in the second quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock valued at $3,770,000 after purchasing an additional 1,836 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $136,000. Scarborough Advisors LLC raised its stake in Exxon Mobil by 720.2% in the fourth quarter. Scarborough Advisors LLC now owns 15,978 shares of the oil and gas company’s stock valued at $1,597,000 after purchasing an additional 14,030 shares in the last quarter. Finally, Lloyd Advisory Services LLC. raised its stake in Exxon Mobil by 407.5% in the first quarter. Lloyd Advisory Services LLC. now owns 24,115 shares of the oil and gas company’s stock valued at $2,804,000 after purchasing an additional 19,363 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Wells Fargo & Company reduced their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Truist Financial reduced their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Finally, Barclays reduced their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $135.76.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $115.27 on Friday. The stock has a fifty day moving average of $115.88 and a 200 day moving average of $115.33. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The firm has a market capitalization of $454.51 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 4.38 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same quarter last year, the firm posted $1.94 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, August 15th. 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.