Phoenix Financial Ltd. Has $11.78 Million Position in Exxon Mobil Corporation $XOM

Phoenix Financial Ltd. raised its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,114 shares of the oil and gas company's stock after acquiring an additional 12,064 shares during the quarter. Phoenix Financial Ltd.'s holdings in Exxon Mobil were worth $11,775,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil in the first quarter valued at approximately $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil in the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC raised its position in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Exxon Mobil in the second quarter valued at approximately $38,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on XOM. Mizuho dropped their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target on the stock. Melius Research began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target on the stock. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Finally, Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $127.58.

Exxon Mobil Stock Up 1.7%

XOM opened at $114.64 on Thursday. The firm's 50-day simple moving average is $112.24 and its 200-day simple moving average is $109.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The firm has a market cap of $488.72 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 2.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion for the quarter. Equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced 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 of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio is presently 56.25%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company's stock.

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.

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