Exxon Mobil (NYSE:XOM) Trading Up 1.3% – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM) shares rose 1.3% on Thursday . The company traded as high as $111.21 and last traded at $110.87. Approximately 4,574,752 shares changed hands during trading, a decline of 69% from the average daily volume of 14,544,536 shares. The stock had previously closed at $109.46.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. Morgan Stanley raised their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. The Goldman Sachs Group cut their price target on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Piper Sandler dropped their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. HSBC reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Finally, Wolfe Research increased their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Up 0.6 %

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 capitalization of $477.58 billion, a P/E ratio of 14.04, a PEG ratio of 3.02 and a beta of 0.89. The firm’s 50 day moving average price is $108.75 and its two-hundred day moving average price is $114.34.

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 analysts’ consensus estimates 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 in the prior year, the company posted $2.48 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.60%. Exxon Mobil’s payout ratio is 50.51%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated 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 $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Peterson Wealth Advisors LLC raised its position in shares of Exxon Mobil by 2.8% in the 3rd quarter. Peterson Wealth Advisors LLC now owns 22,133 shares of the oil and gas company’s stock valued at $2,594,000 after buying an additional 593 shares in the last quarter. IVC Wealth Advisors LLC increased its stake in shares of Exxon Mobil by 36.3% in the 3rd quarter. IVC Wealth Advisors LLC now owns 9,967 shares of the oil and gas company’s stock valued at $1,168,000 after purchasing an additional 2,655 shares during the last quarter. Insight Folios Inc raised its holdings in shares of Exxon Mobil by 4.7% during the 3rd quarter. Insight Folios Inc now owns 72,329 shares of the oil and gas company’s stock worth $8,478,000 after buying an additional 3,232 shares in the last quarter. FSA Advisors Inc. lifted its position in shares of Exxon Mobil by 3.6% during the 3rd quarter. FSA Advisors Inc. now owns 3,006 shares of the oil and gas company’s stock worth $351,000 after buying an additional 104 shares during the last quarter. Finally, Southern Capital Advisors LLC lifted its position in shares of Exxon Mobil by 14.9% during the 3rd quarter. Southern Capital Advisors LLC now owns 5,483 shares of the oil and gas company’s stock worth $643,000 after buying an additional 713 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

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.