Exxon Mobil (NYSE:XOM) Trading Up 0.5%

Exxon Mobil Co. (NYSE:XOM) shares rose 0.5% during trading on Tuesday . The company traded as high as $115.61 and last traded at $115.35. Approximately 3,970,982 shares changed hands during trading, a decline of 77% from the average daily volume of 17,416,051 shares. The stock had previously closed at $114.77.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on XOM shares. TD Cowen increased their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Scotiabank lifted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Sanford C. Bernstein lowered their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Piper Sandler upped their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Finally, Morgan Stanley restated an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $134.39.

Exxon Mobil Trading Down 0.5 %

The company has a fifty day moving average price of $114.04 and a 200-day moving average price of $112.40. The firm has a market capitalization of $450.13 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the previous year, the business posted $1.94 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, equities research analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is 46.57%.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC increased its stake in shares of Exxon Mobil by 10.7% in the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock valued at $205,000 after buying an additional 199 shares during the period. Dupree Financial Group LLC bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $378,000. Intact Investment Management Inc. increased its holdings in Exxon Mobil by 225.7% in the 4th quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock worth $6,839,000 after acquiring an additional 47,400 shares during the last quarter. AJOVista LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $312,000. Finally, Kinsale Capital Group Inc. grew its holdings in Exxon Mobil by 33.0% during the 4th quarter. Kinsale Capital Group Inc. now owns 38,963 shares of the oil and gas company’s stock valued at $3,896,000 after buying an additional 9,657 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

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.