Exxon Mobil (NYSE:XOM) Trading Up 1.1% – Here’s Why

Shares of Exxon Mobil Co. (NYSE:XOM) shot up 1.1% during mid-day trading on Wednesday . The stock traded as high as $114.98 and last traded at $114.92. 2,967,508 shares changed hands during trading, a decline of 80% from the average session volume of 14,826,436 shares. The stock had previously closed at $113.64.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on XOM. Wells Fargo & Company dropped their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Truist Financial boosted their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Piper Sandler reduced their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $129.15.

Exxon Mobil Stock Down 0.3 %

The business has a fifty day moving average price of $109.92 and a two-hundred day moving average price of $113.60. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The company has a market cap of $501.26 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the business posted $2.48 earnings per share. On average, equities analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.43%. Exxon Mobil’s payout ratio is 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in shares of Exxon Mobil by 8.4% in the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after buying an additional 521,932 shares during the last quarter. United Bank lifted its holdings in Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after purchasing an additional 641 shares during the last quarter. Quest Partners LLC boosted its position in Exxon Mobil by 157.5% during the third quarter. Quest Partners LLC now owns 8,925 shares of the oil and gas company’s stock worth $1,046,000 after purchasing an additional 5,459 shares during the period. Citizens Financial Group Inc. RI grew its holdings in Exxon Mobil by 8.1% during the third quarter. Citizens Financial Group Inc. RI now owns 321,423 shares of the oil and gas company’s stock valued at $37,677,000 after purchasing an additional 24,138 shares during the last quarter. Finally, Cornerstone Advisors LLC raised its position in shares of Exxon Mobil by 7.1% in the third quarter. Cornerstone Advisors LLC now owns 264,427 shares of the oil and gas company’s stock valued at $30,996,000 after purchasing an additional 17,600 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.