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

Exxon Mobil Co. (NYSE:XOM) traded up 1.6% during trading on Monday . The company traded as high as $119.88 and last traded at $119.56. 3,627,316 shares changed hands during trading, a decline of 77% from the average session volume of 15,659,906 shares. The stock had previously closed at $117.73.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on XOM shares. TD Cowen cut their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Bernstein Bank raised their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Truist Financial upped their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.05.

Exxon Mobil Stock Up 0.0 %

The firm has a market cap of $516.06 billion, a PE ratio of 15.17, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The business has a fifty day moving average price of $111.01 and a two-hundred day moving average price of $113.85.

Exxon Mobil (NYSE:XOM) last released its earnings results 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 period in the previous year, the firm posted $2.48 EPS. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. 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 3.33%. Exxon Mobil’s payout ratio is 50.51%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction 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 completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after purchasing an additional 521,932 shares during the last quarter. United Bank increased its position in Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after buying an additional 641 shares during the last quarter. Erste Asset Management GmbH bought a new position in Exxon Mobil during the third quarter valued at about $5,536,000. Concentric Capital Strategies LP lifted its position in shares of Exxon Mobil by 17.5% in the third quarter. Concentric Capital Strategies LP now owns 14,600 shares of the oil and gas company’s stock worth $1,711,000 after buying an additional 2,174 shares during the last quarter. Finally, Harbor Advisors LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter worth about $944,000. 61.80% of the stock is 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.