S Bank Fund Management Ltd Trims Holdings in Exxon Mobil Corporation $XOM

Key Points

• S Bank Fund Management Ltd reduced its stake in Exxon Mobil Corporation by 26.7% in the second quarter, owning 32,000 shares valued at approximately $3.45 million after selling over 11,000 shares.
• Multiple hedge funds increased their positions in Exxon Mobil, with Clal Insurance boosting its stake by 396.7% and Game Plan Financial Advisors raising theirs by 1,500% in the first quarter.
• Exxon Mobil recently announced a quarterly dividend of $0.99, representing an annualized dividend of $3.96 and a yield of 3.5%.

S Bank Fund Management Ltd cut its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 26.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,000 shares of the oil and gas company's stock after selling 11,657 shares during the quarter. S Bank Fund Management Ltd's holdings in Exxon Mobil were worth $3,450,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil in the first quarter valued at $29,000. Elequin Capital LP bought a new stake in Exxon Mobil during the first quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Exxon Mobil by 396.7% during 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 buying an additional 238 shares during the period. Game Plan Financial Advisors LLC boosted its stake in Exxon Mobil by 1,500.0% during 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 buying an additional 300 shares during the period. Finally, 1248 Management LLC bought a new stake in Exxon Mobil during the first quarter valued at $40,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on XOM. Melius began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Finally, Barclays dropped their price target on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and an average price target of $127.58.

Exxon Mobil Trading Up 1.4%

Shares of XOM stock opened at $112.20 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $111.83 and a two-hundred day moving average price of $109.19. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The firm has a market cap of $478.34 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51.

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

Exxon Mobil Announces Dividend

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 payout ratio is currently 56.25%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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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