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

Harel Insurance Investments & Financial Services Ltd. trimmed its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 71.1% during the first quarter, HoldingsChannel reports. The firm owned 2,850 shares of the oil and gas company’s stock after selling 7,018 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Exxon Mobil were worth $235,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Guardian Wealth Management Inc. purchased a new position in Exxon Mobil in the 4th quarter worth approximately $30,000. Horan Securities Inc. purchased a new position in Exxon Mobil in the 4th quarter worth approximately $31,000. West Bancorporation Inc. purchased a new position in Exxon Mobil in the 4th quarter worth approximately $32,000. Nvwm LLC lifted its stake in Exxon Mobil by 100.0% in the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 300 shares in the last quarter. Finally, Core Wealth Advisors Inc. lifted its stake in Exxon Mobil by 454.5% in the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 500 shares in the last quarter. 54.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the sale, the vice president now directly owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The disclosure for this sale can be found here. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

Shares of XOM opened at $89.98 on Tuesday. Exxon Mobil Co. has a 1-year low of $52.10 and a 1-year high of $105.57. The stock has a market cap of $379.04 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 0.32 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.07 and a quick ratio of 0.76. The firm has a fifty day moving average price of $91.30 and a 200 day moving average price of $84.82.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The company had revenue of $90.50 billion during the quarter, compared to analysts’ expectations of $83.57 billion. During the same period last year, the firm earned $0.65 earnings per share. Exxon Mobil’s revenue was up 53.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 11.46 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $3.52 dividend on an annualized basis and a yield of 3.91%. Exxon Mobil’s dividend payout ratio (DPR) is presently 58.37%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research report on Tuesday, July 19th. Bank of America reduced their price target on shares of Exxon Mobil from $128.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, July 19th. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Citigroup lifted their price target on shares of Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, May 19th. Finally, Piper Sandler raised shares of Exxon Mobil from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $102.00 to $109.00 in a research report on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil currently has an average rating of “Hold” and a consensus price target of $94.73.

Exxon Mobil Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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