Benin Management CORP has acquired a new stake in ExxonMobil Corporation (NYSE: XOM), according to its latest filing with the Securities and Exchange Commission (SEC). The firm purchased 56,200 shares of the oil and gas company, valued at approximately $9,147,000. This investment makes ExxonMobil the 9th largest holding in Benin Management CORP's portfolio, accounting for 1.7% of its total investments.
Several other institutional investors have also adjusted their positions in ExxonMobil. Dimensional Fund Advisors LP increased its stake by 5.7% during the first quarter, now owning 28,364,314 shares worth $4,812,790,000. Amundi boosted its position by 5.1%, holding 24,511,156 shares valued at $4,158,563,000. GQG Partners LLC saw a significant increase of 153.3% in the second quarter, now owning 16,877,523 shares worth $2,307,497,000. Swiss National Bank raised its stake by 5.9% during the first quarter, holding 12,376,418 shares worth $2,099,783,000. National Pension Service increased its position by 1.8% in the second quarter, now owning 9,664,021 shares worth $1,321,265,000. Institutional investors collectively own 61.80% of ExxonMobil's stock.
ExxonMobil's stock has seen positive sentiment this week, with analysts expecting year-over-year earnings growth next week. Erste Group raised its FY2027 EPS forecast to $11.81 from $11.12, indicating improving expectations. The company's low-cost Permian and Guyana operations are supporting production growth, and higher crude prices, including Brent above $100 per barrel, have driven recent gains. ExxonMobil is also highlighted for its long record of raising payouts and a stronger balance sheet compared to BP.
However, there are some neutral and negative sentiments as well. Analysts give Chevron an edge for further upside based on free cash flow and cost savings. Additionally, an issue at ExxonMobil’s Joliet refinery is contributing to higher gasoline prices in the Chicago area, which could pressure near-term refinery operations. The wider market impact of this disruption remains uncertain.