Migdal Insurance & Financial Holdings Ltd. Has $317,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Migdal Insurance & Financial Holdings Ltd. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 50.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,167 shares of the oil and gas company’s stock after selling 3,271 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Exxon Mobil were worth $317,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KB Financial Partners LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at about $27,000. IMA Wealth Inc. increased its holdings in shares of Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 324 shares during the period. FWL Investment Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $43,000. Studio Investment Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $49,000. Finally, Turim 21 Investimentos Ltda. increased its holdings in shares of Exxon Mobil by 222.5% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 574 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 396 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.2 %

XOM opened at $119.90 on Friday. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $474.60 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 4.07 and a beta of 0.96. The business has a 50 day moving average of $111.55 and a 200-day moving average of $106.33.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.28. The company had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.40 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is 42.74%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research reports. Scotiabank increased their price objective on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Barclays initiated coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price objective on the stock. Wells Fargo & Company increased their price objective on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Piper Sandler increased their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Nine equities research 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $132.28.

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.