Migdal Insurance & Financial Holdings Ltd. Reduces Stake in Exxon Mobil Co. (NYSE:XOM)

Migdal Insurance & Financial Holdings Ltd. cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 53.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,477 shares of the oil and gas company’s stock after selling 1,690 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Exxon Mobil were worth $159,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. Retirement Wealth Solutions LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at about $46,000. Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at approximately $51,000. Highline Wealth Partners LLC purchased a new position in Exxon Mobil during the third quarter valued at $54,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Exxon Mobil during the third quarter worth about $63,000. Finally, Annapolis Financial Services LLC raised its holdings in shares of Exxon Mobil by 284.9% during the third quarter. Annapolis Financial Services LLC now owns 766 shares of the oil and gas company’s stock valued at $90,000 after acquiring an additional 567 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.9 %

Shares of NYSE:XOM opened at $110.98 on Tuesday. Exxon Mobil Co. has a 52 week low of $100.42 and a 52 week high of $126.34. The company’s 50 day moving average is $109.41 and its two-hundred day moving average is $114.97. The company has a market cap of $487.75 billion, a PE ratio of 14.15, a P/E/G ratio of 2.94 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the previous year, the company earned $2.48 EPS. Equities analysts predict that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.57%. Exxon Mobil’s payout ratio is currently 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on XOM shares. The Goldman Sachs Group decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Morgan Stanley raised their price objective on Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. TD Cowen decreased 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. Scotiabank dropped their price target on shares of Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Finally, Bernstein Bank upped their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.25.

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.