Exxon Mobil (NYSE:XOM) Shares Up 0.4% – Should You Buy?

Exxon Mobil Co. (NYSE:XOM) shares were up 0.4% during mid-day trading on Tuesday . The company traded as high as $117.64 and last traded at $116.21. Approximately 2,947,487 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 14,959,556 shares. The stock had previously closed at $115.80.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research analyst reports. Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. HSBC lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company cut 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. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, Scotiabank cut their price objective on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.15.

Exxon Mobil Stock Up 0.8 %

The firm has a 50-day moving average price of $110.22 and a two-hundred day moving average price of $113.58. The firm has a market cap of $506.47 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

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 analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm posted $2.48 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.39%. Exxon Mobil’s payout ratio is 50.51%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were 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 in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds have recently added to or reduced their stakes in the company. Fire Capital Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth approximately $1,966,000. Mascagni Wealth Management Inc. acquired a new position in Exxon Mobil during the fourth quarter worth $948,000. Prostatis Group LLC raised its position in Exxon Mobil by 12.0% in the fourth quarter. Prostatis Group LLC now owns 14,767 shares of the oil and gas company’s stock worth $1,588,000 after acquiring an additional 1,577 shares in the last quarter. M1 Capital Management LLC purchased a new position in Exxon Mobil in the fourth quarter worth $630,000. Finally, Northeast Planning Associates INC. NH acquired a new stake in Exxon Mobil in the fourth quarter valued at $302,000. Institutional investors and hedge funds 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.