Benin Management CORP Acquires 400 Shares of Exxon Mobil Co. (NYSE:XOM)

Benin Management CORP boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,658 shares of the oil and gas company’s stock after acquiring an additional 400 shares during the quarter. Exxon Mobil makes up approximately 1.4% of Benin Management CORP’s holdings, making the stock its 12th biggest holding. Benin Management CORP’s holdings in Exxon Mobil were worth $5,000,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in Exxon Mobil in the first quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil during the 2nd quarter worth about $35,000. Anfield Capital Management LLC lifted its position in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC bought a new position in shares of Exxon Mobil in the 2nd quarter valued at about $39,000. Finally, POM Investment Strategies LLC grew its position in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $120.08 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock has a 50 day moving average price of $117.41 and a 200 day moving average price of $116.47. The stock has a market capitalization of $473.48 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 5.02 and a beta of 0.89. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.94 EPS. Analysts predict that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.16%. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several analyst reports. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $129.00 to $145.00 in a report on Thursday, October 10th. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Bank of America initiated coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. Truist Financial reduced their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Finally, Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $131.44.

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.