Clal Insurance Enterprises Holdings Ltd Raises Holdings in Exxon Mobil Corporation (NYSE:XOM)

Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 396.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 298 shares of the oil and gas company’s stock after acquiring an additional 238 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in Exxon Mobil were worth $35,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Northern Trust Corp boosted its stake in Exxon Mobil by 7.0% during the 4th quarter. Northern Trust Corp now owns 46,017,358 shares of the oil and gas company’s stock valued at $4,950,087,000 after purchasing an additional 2,998,892 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Exxon Mobil by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock valued at $5,390,318,000 after purchasing an additional 1,340,343 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Exxon Mobil by 3.9% in the 4th quarter. Capital Research Global Investors now owns 34,763,179 shares of the oil and gas company’s stock worth $3,739,465,000 after buying an additional 1,293,111 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Exxon Mobil by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock worth $3,850,167,000 after buying an additional 512,860 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Exxon Mobil by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock worth $3,028,968,000 after buying an additional 909,386 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $105.87 on Tuesday. The stock’s 50-day simple moving average is $109.94 and its 200-day simple moving average is $108.94. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a market capitalization of $451.35 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 2.01 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, August 15th. Exxon Mobil’s payout ratio is currently 56.25%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on XOM shares. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. TD Cowen raised their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Morgan Stanley raised their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Finally, Barclays restated a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $125.26.

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.