Exxon Mobil Co. (NYSE:XOM) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. cut its holdings in Exxon Mobil Co. (NYSE:XOM) by 48.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,565 shares of the oil and gas company’s stock after selling 12,955 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Exxon Mobil were worth $1,356,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of XOM. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Exxon Mobil by 1.2% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 10,882,947 shares of the oil and gas company’s stock worth $1,088,077,000 after acquiring an additional 132,196 shares during the period. Nottingham Advisors Inc. increased its stake in shares of Exxon Mobil by 15.8% during the fourth quarter. Nottingham Advisors Inc. now owns 5,024 shares of the oil and gas company’s stock worth $502,000 after acquiring an additional 686 shares during the period. Crown Oak Advisors LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $352,000. Aire Advisors LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $204,000. Finally, Capital Advisors Inc. OK increased its stake in shares of Exxon Mobil by 1.5% during the fourth quarter. Capital Advisors Inc. OK now owns 658,548 shares of the oil and gas company’s stock worth $65,842,000 after acquiring an additional 9,528 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM opened at $118.69 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The company has a market capitalization of $469.81 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 4.15 and a beta of 0.96. The company’s 50 day simple moving average is $110.57 and its 200 day simple moving average is $106.13. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the prior year, the business posted $3.40 earnings per share. Exxon Mobil’s revenue for the quarter was down 11.6% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.20%. Exxon Mobil’s payout ratio is currently 42.74%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Mizuho reiterated a “neutral” rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Barclays assumed coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Finally, Truist Financial boosted their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.