Meitav Investment House Ltd. Sells 210,000 Shares of Exxon Mobil Corporation $XOM

Key Points

• Meitav Investment House Ltd. has drastically cut its holdings in Exxon Mobil Corporation, selling 210,000 shares to reduce its ownership by 99%, now holding only 2,023 shares valued at approximately $218,000.
• Institutional investors own approximately 61.80% of Exxon Mobil's stock, with recent quarterly earnings showing $1.64 EPS—exceeding estimates—and a revenue of $81.51 billion.
• Exxon Mobil has announced a quarterly dividend of $0.99 per share, resulting in an annual yield of 3.5%, while maintaining a dividend payout ratio of 56.25%.

Meitav Investment House Ltd. reduced its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 99.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,023 shares of the oil and gas company's stock after selling 210,000 shares during the quarter. Meitav Investment House Ltd.'s holdings in Exxon Mobil were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Axis Wealth Partners LLC grew its position in shares of Exxon Mobil by 1.8% during the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock valued at $545,000 after buying an additional 90 shares during the last quarter. Park Edge Advisors LLC grew its position in shares of Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock valued at $3,453,000 after buying an additional 91 shares during the last quarter. Willow Creek Wealth Management Inc. grew its position in shares of Exxon Mobil by 3.6% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company's stock valued at $285,000 after buying an additional 91 shares during the last quarter. Chapin Davis Inc. grew its position in shares of Exxon Mobil by 2.1% during the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock valued at $497,000 after buying an additional 93 shares during the last quarter. Finally, Gagnon Securities LLC grew its position in shares of Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after buying an additional 95 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on XOM shares. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research note on Tuesday. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. UBS Group upped their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Bank of America upped their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Finally, Mizuho decreased their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $125.95.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Trading Down 1.0%

Exxon Mobil stock opened at $112.90 on Friday. The firm has a 50 day simple moving average of $111.30 and a 200-day simple moving average of $109.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market capitalization of $481.32 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $124.26.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business's revenue was down 12.4% on a year-over-year basis. During the same period last year, the firm posted $2.14 earnings per share. As a group, equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

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.

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