Benjamin F. Edwards & Company Inc. increased its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,325 shares of the oil and gas company’s stock after purchasing an additional 3,066 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Exxon Mobil were worth $7,822,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Matisse Capital bought a new position in Exxon Mobil in the first quarter worth approximately $1,154,000. Smith Chas P & Associates PA Cpas boosted its position in Exxon Mobil by 2.9% during the 1st quarter. Smith Chas P & Associates PA Cpas now owns 26,964 shares of the oil and gas company’s stock valued at $2,957,000 after acquiring an additional 763 shares in the last quarter. Simplicity Solutions LLC boosted its position in Exxon Mobil by 267.5% during the 1st quarter. Simplicity Solutions LLC now owns 153,566 shares of the oil and gas company’s stock valued at $16,840,000 after acquiring an additional 111,781 shares in the last quarter. Arista Wealth Management LLC boosted its position in Exxon Mobil by 26.3% during the 1st quarter. Arista Wealth Management LLC now owns 2,322 shares of the oil and gas company’s stock valued at $255,000 after acquiring an additional 484 shares in the last quarter. Finally, Pinnacle Wealth Management Group Inc. boosted its position in Exxon Mobil by 5.5% during the 1st quarter. Pinnacle Wealth Management Group Inc. now owns 5,715 shares of the oil and gas company’s stock valued at $627,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 58.59% of the company’s stock.
Exxon Mobil Stock Performance
NYSE XOM opened at $101.61 on Thursday. The stock has a 50-day simple moving average of $105.02 and a two-hundred day simple moving average of $109.35. The firm has a market capitalization of $410.81 billion, a P/E ratio of 6.88, a PEG ratio of 0.55 and a beta of 1.08. Exxon Mobil Co. has a fifty-two week low of $83.89 and a fifty-two week high of $119.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were paid a $0.91 dividend. The ex-dividend date was Monday, May 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.58%. Exxon Mobil’s dividend payout ratio is presently 24.64%.
Insider Activity at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the transaction, the vice president now owns 29,272 shares in the company, valued at approximately $3,398,771.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.04% of the stock is owned by company insiders.
Analysts Set New Price Targets
XOM has been the topic of several recent research reports. Wolfe Research cut Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. The Goldman Sachs Group cut Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research report on Monday, May 1st. Jefferies Financial Group dropped their target price on Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. Piper Sandler lowered their price objective on Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Finally, HSBC raised their price objective on Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research report on Thursday, April 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $124.66.
Exxon Mobil 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.
Featured Articles
- Five stocks we like better than Exxon Mobil
- J.B. Hunt Transportation Services Could Hit New Highs By Year End
- Profits Decline At Goldman Sachs, Time To Pick Up Cheap Shares?
- The Squeeze Is On For Carvana Stock Prices
- Acumen Soars on Alzheimer’s Study…Street Sees It Doubling
- Live Nation Shares Rock Out Ahead of Q2 Earnings
Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM – Free Report).
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.
