Exxon Mobil (NYSE:XOM) Stock Price Up 1.6% – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM)’s stock price rose 1.6% during mid-day trading on Tuesday . The stock traded as high as $110.18 and last traded at $109.92. Approximately 3,246,836 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 14,561,077 shares. The stock had previously closed at $108.24.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. TD Cowen reduced their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. UBS Group reduced their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. HSBC reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company reduced their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, BMO Capital Markets reduced their target price on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Trading Up 1.7 %

The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $483.66 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 2.94 and a beta of 0.89. The business has a 50 day moving average price of $108.68 and a 200-day moving average price of $114.61.

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

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid 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 3.60%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is owned by insiders.

Institutional Trading of Exxon Mobil

Several hedge funds have recently made changes to their positions in XOM. Pacific Point Advisors LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $886,000. Neo Ivy Capital Management bought a new stake in Exxon Mobil during the 4th quarter valued at $7,282,000. Hudson Value Partners LLC raised its stake in Exxon Mobil by 6.7% during the 4th quarter. Hudson Value Partners LLC now owns 6,395 shares of the oil and gas company’s stock valued at $688,000 after acquiring an additional 400 shares in the last quarter. Strait & Sound Wealth Management LLC raised its stake in Exxon Mobil by 4.0% during the 4th quarter. Strait & Sound Wealth Management LLC now owns 2,603 shares of the oil and gas company’s stock valued at $280,000 after acquiring an additional 100 shares in the last quarter. Finally, Helium Advisors LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $446,000. Institutional investors own 61.80% of the company’s stock.

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.