Exxon Mobil Co. (NYSE:XOM) Holdings Reduced by Phoenix Financial Ltd.

Phoenix Financial Ltd. lessened its position in Exxon Mobil Co. (NYSE:XOM) by 14.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,298 shares of the oil and gas company’s stock after selling 13,616 shares during the quarter. Phoenix Financial Ltd.’s holdings in Exxon Mobil were worth $8,422,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its holdings in Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after purchasing an additional 521,932 shares during the last quarter. Chiron Investment Management LLC increased its holdings in shares of Exxon Mobil by 81.5% in the third quarter. Chiron Investment Management LLC now owns 35,744 shares of the oil and gas company’s stock valued at $4,190,000 after purchasing an additional 16,049 shares during the last quarter. Sunbelt Securities Inc. grew its stake in Exxon Mobil by 6.5% during the third quarter. Sunbelt Securities Inc. now owns 150,755 shares of the oil and gas company’s stock worth $17,672,000 after buying an additional 9,209 shares in the last quarter. Fortem Financial Group LLC bought a new position in Exxon Mobil in the 3rd quarter valued at approximately $996,000. Finally, TD Private Client Wealth LLC grew its position in shares of Exxon Mobil by 0.4% during the 3rd quarter. TD Private Client Wealth LLC now owns 32,005 shares of the oil and gas company’s stock worth $3,752,000 after buying an additional 134 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on XOM shares. UBS Group lowered their target price on Exxon Mobil from $146.00 to $135.00 and set a “buy” rating on the stock in a research note on Monday. Truist Financial increased their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Bernstein Bank raised their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group reduced their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Barclays dropped their target price on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $128.20.

Exxon Mobil Stock Up 5.2 %

XOM opened at $106.00 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business’s fifty day simple moving average is $110.61 and its 200 day simple moving average is $113.39. The stock has a market cap of $459.95 billion, a PE ratio of 13.52, a P/E/G ratio of 3.02 and a beta of 0.61. Exxon Mobil Co. has a 52 week low of $98.13 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the company posted $2.48 earnings per share. As a group, research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.74%. Exxon Mobil’s payout ratio is presently 50.51%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

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.