Exxon Mobil (NYSE:XOM) Trading 0.3% Higher

Shares of Exxon Mobil Co. (NYSE:XOM) traded up 0.3% during trading on Tuesday . The company traded as high as $119.45 and last traded at $119.01. 2,430,226 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 18,364,445 shares. The stock had previously closed at $118.67.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial raised their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, April 5th. UBS Group raised their target price on shares of Exxon Mobil from $150.00 to $152.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Scotiabank raised their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler lifted their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Finally, Mizuho lifted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

Exxon Mobil Price Performance

The company has a market capitalization of $454.98 billion, a P/E ratio of 14.17, a P/E/G ratio of 4.10 and a beta of 0.96. The business’s 50-day simple moving average is $117.59 and its 200 day simple moving average is $107.76. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter last year, the firm posted $2.83 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 9.57 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.29%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Bridge Advisors increased its position in shares of Exxon Mobil by 1.6% in the third quarter. Tower Bridge Advisors now owns 51,350 shares of the oil and gas company’s stock worth $6,038,000 after acquiring an additional 786 shares in the last quarter. Vanguard Capital Wealth Advisors purchased a new position in shares of Exxon Mobil in the third quarter worth approximately $548,000. AIA Group Ltd purchased a new position in Exxon Mobil during the third quarter valued at approximately $2,884,000. Daiwa Securities Group Inc. grew its position in Exxon Mobil by 0.9% during the third quarter. Daiwa Securities Group Inc. now owns 391,667 shares of the oil and gas company’s stock valued at $45,870,000 after purchasing an additional 3,681 shares in the last quarter. Finally, Confluence Wealth Services Inc. grew its position in Exxon Mobil by 0.7% during the third quarter. Confluence Wealth Services Inc. now owns 51,307 shares of the oil and gas company’s stock valued at $6,033,000 after purchasing an additional 344 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Company 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.