Exxon Mobil (NYSE:XOM) Stock Price Up 2.7% – What’s Next?

Exxon Mobil Corporation (NYSE:XOM)’s stock price was up 2.7% during mid-day trading on Friday . The company traded as high as $153.65 and last traded at $152.5460. Approximately 30,200,853 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 21,038,309 shares. The stock had previously closed at $148.54.

Analyst Ratings Changes

Several equities analysts have recently issued reports on XOM shares. Piper Sandler decreased their price objective on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, February 2nd. Zacks Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Finally, Barclays lifted their price target on Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $140.59.

Exxon Mobil Stock Performance

The stock’s 50-day moving average price is $134.92 and its 200-day moving average price is $121.24. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $635.62 billion, a P/E ratio of 22.80, a P/E/G ratio of 15.46 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The company had revenue of $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. During the same quarter in the previous year, the firm posted $1.67 EPS. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president owned 20,354 shares in the company, valued at approximately $3,036,409.72. This represents a 13.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 14,230 shares of company stock valued at $1,888,421 in the last ninety days. 0.03% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Exxon Mobil

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Maryland State Retirement & Pension System lifted its position in Exxon Mobil by 2.6% during the third quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock worth $24,342,000 after purchasing an additional 5,573 shares during the period. Linscomb Wealth Inc. grew its holdings in shares of Exxon Mobil by 1.4% during the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after purchasing an additional 5,527 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 3.3% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock worth $34,576,000 after purchasing an additional 9,831 shares during the period. Capital Counsel LLC NY grew its position in shares of Exxon Mobil by 0.9% in the 2nd quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock valued at $5,356,000 after buying an additional 460 shares during the last quarter. Finally, HORAN Wealth LLC increased its position in Exxon Mobil by 78.3% during the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock valued at $1,486,000 after purchasing an additional 5,788 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.