Harel Insurance Investments & Financial Services Ltd. Acquires 2,307 Shares of Exxon Mobil Corporation (NYSE:XOM)

Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,251 shares of the oil and gas company's stock after acquiring an additional 2,307 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Exxon Mobil were worth $2,527,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC grew its holdings in Exxon Mobil by 35.3% during the fourth quarter. Proficio Capital Partners LLC now owns 18,252 shares of the oil and gas company's stock valued at $1,963,000 after purchasing an additional 4,760 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $863,000. Naviter Wealth LLC boosted its holdings in Exxon Mobil by 2.3% in the 4th quarter. Naviter Wealth LLC now owns 153,513 shares of the oil and gas company's stock valued at $16,513,000 after purchasing an additional 3,448 shares during the period. Dorsey & Whitney Trust CO LLC grew its stake in Exxon Mobil by 26.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 28,532 shares of the oil and gas company's stock worth $3,069,000 after buying an additional 5,926 shares in the last quarter. Finally, Atlantic Union Bankshares Corp boosted its stake in Exxon Mobil by 2.1% in the fourth quarter. Atlantic Union Bankshares Corp now owns 133,541 shares of the oil and gas company's stock valued at $14,365,000 after buying an additional 2,703 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE XOM traded up $3.08 during trading hours on Tuesday, reaching $114.19. 17,907,967 shares of the company were exchanged, compared to its average volume of 15,778,776. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The business's 50 day simple moving average is $107.37 and its 200-day simple moving average is $108.58. The stock has a market capitalization of $492.12 billion, a P/E ratio of 15.14, a P/E/G ratio of 2.16 and a beta of 0.50.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. During the same period in the previous year, the business earned $2.06 earnings per share. The firm's revenue was up .1% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.47%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on XOM shares. UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. TD Cowen increased their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Piper Sandler increased their price objective on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $125.55.

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.