Phoenix Financial Ltd. Has $11.56 Million Holdings in Exxon Mobil Corporation (NYSE:XOM)

Phoenix Financial Ltd. lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 23.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,050 shares of the oil and gas company’s stock after buying an additional 18,752 shares during the period. Phoenix Financial Ltd.’s holdings in Exxon Mobil were worth $11,561,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. AM Investment Strategies LLC boosted its stake in shares of Exxon Mobil by 10.1% during the 1st quarter. AM Investment Strategies LLC now owns 2,430 shares of the oil and gas company’s stock worth $289,000 after buying an additional 223 shares during the last quarter. Drive Wealth Management LLC boosted its stake in shares of Exxon Mobil by 12.5% during the 1st quarter. Drive Wealth Management LLC now owns 32,072 shares of the oil and gas company’s stock worth $3,814,000 after buying an additional 3,558 shares during the last quarter. Private Management Group Inc. boosted its stake in shares of Exxon Mobil by 3.7% during the 1st quarter. Private Management Group Inc. now owns 3,476 shares of the oil and gas company’s stock worth $413,000 after buying an additional 123 shares during the last quarter. Prospect Financial Group LLC boosted its stake in shares of Exxon Mobil by 8.1% during the 1st quarter. Prospect Financial Group LLC now owns 3,393 shares of the oil and gas company’s stock worth $404,000 after buying an additional 253 shares during the last quarter. Finally, Caliber Wealth Management LLC KS acquired a new position in shares of Exxon Mobil during the 1st quarter worth about $2,241,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $110.87 on Friday. The firm has a market cap of $477.80 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 2.04 and a beta of 0.50. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $108.70 and its two-hundred day simple moving average is $109.01.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. The business had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $2.06 EPS. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 52.52%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on XOM. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Barclays reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Exxon Mobil in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $125.42.

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.