Harel Insurance Investments & Financial Services Ltd. Sells 539 Shares of Exxon Mobil Co. (NYSE:XOM)

Harel Insurance Investments & Financial Services Ltd. lessened its position in shares of Exxon Mobil Co. (NYSE:XOM) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,944 shares of the oil and gas company’s stock after selling 539 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Exxon Mobil were worth $2,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Exchange Traded Concepts LLC grew its position in Exxon Mobil by 8.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 190,309 shares of the oil and gas company’s stock valued at $20,472,000 after acquiring an additional 14,058 shares during the last quarter. CX Institutional boosted its stake in shares of Exxon Mobil by 35.2% in the 4th quarter. CX Institutional now owns 112,140 shares of the oil and gas company’s stock valued at $12,063,000 after purchasing an additional 29,194 shares in the last quarter. Impact Partnership Wealth LLC increased its position in Exxon Mobil by 2.9% during the 4th quarter. Impact Partnership Wealth LLC now owns 13,634 shares of the oil and gas company’s stock worth $1,467,000 after purchasing an additional 389 shares in the last quarter. Southland Equity Partners LLC lifted its stake in Exxon Mobil by 19.0% in the 4th quarter. Southland Equity Partners LLC now owns 17,199 shares of the oil and gas company’s stock valued at $1,850,000 after purchasing an additional 2,740 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in Exxon Mobil by 5.1% in the fourth quarter. Sound Income Strategies LLC now owns 18,264 shares of the oil and gas company’s stock valued at $1,965,000 after buying an additional 893 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Mizuho dropped their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. UBS Group cut their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. The Goldman Sachs Group upped their price objective on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. TD Cowen cut their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Finally, Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $108.64 on Monday. The stock has a market capitalization of $477.48 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.86 and a beta of 0.91. Exxon Mobil Co. has a 52-week low of $99.61 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock’s 50 day moving average price is $111.56 and its two-hundred day moving average price is $115.41.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period last year, the company posted $2.27 earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Co. will post 7.77 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.65%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is presently 49.32%.

About Exxon Mobil

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.