Benin Management CORP Boosts Stake in Exxon Mobil Corp. (XOM)
Benin Management CORP increased its stake in Exxon Mobil Corp. (NYSE:XOM) by 6.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,566 shares of the company’s stock after buying an additional 3,351 shares during the period. Exxon Mobil Corp. accounts for about 2.3% of Benin Management CORP’s holdings, making the stock its 13th largest position. Benin Management CORP’s holdings in Exxon Mobil Corp. were worth $4,763,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock worth $104,000 after buying an additional 691 shares in the last quarter. Tuttle Tactical Management LLC acquired a new stake in shares of Exxon Mobil Corp. during the second quarter worth $125,000. Horan Securities Inc. acquired a new stake in shares of Exxon Mobil Corp. during the third quarter worth $137,000. NewSquare Capital LLC raised its stake in shares of Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock worth $150,000 after buying an additional 33 shares in the last quarter. Finally, Cantab Capital Partners LLP acquired a new stake in shares of Exxon Mobil Corp. during the second quarter worth $183,000. Institutional investors and hedge funds own 50.06% of the company’s stock.
Exxon Mobil Corp. (NYSE:XOM) traded down 0.66% during midday trading on Tuesday, hitting $85.90. The company had a trading volume of 9,176,820 shares. The firm has a market capitalization of $356.20 billion, a P/E ratio of 40.22 and a beta of 0.86. Exxon Mobil Corp. has a 1-year low of $71.55 and a 1-year high of $95.55. The company has a 50 day moving average price of $86.07 and a 200 day moving average price of $88.35.
Exxon Mobil Corp. (NYSE:XOM) last issued its earnings results on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The company earned $58.68 billion during the quarter, compared to analyst estimates of $61.34 billion. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The firm’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter last year, the business posted $1.01 EPS. Equities research analysts forecast that Exxon Mobil Corp. will post $2.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Thursday, November 10th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Tuesday, November 8th. Exxon Mobil Corp.’s dividend payout ratio is currently 140.19%.
A number of research analysts have recently commented on the company. restated a “buy” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 16th. Jefferies Group restated a “hold” rating on shares of Exxon Mobil Corp. in a research note on Thursday, September 8th. Collins Stewart restated a “hold” rating and issued a $83.50 target price on shares of Exxon Mobil Corp. in a research note on Sunday, September 11th. Morningstar Inc. restated a “neutral” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 30th. Finally, Vetr upgraded Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 target price for the company in a research note on Tuesday, September 13th. Eight analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $87.69.
In other Exxon Mobil Corp. news, VP Neil A. Chapman sold 16,000 shares of the stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the sale, the vice president now directly owns 222,299 shares of the company’s stock, valued at approximately $19,340,013. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.
Exxon Mobil Corp. Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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