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

Exxon Mobil Co. (NYSE:XOM)’s share price traded up 1.6% on Tuesday . The company traded as high as $110.18 and last traded at $109.92. 3,246,836 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 14,561,077 shares. The stock had previously closed at $108.24.

Analyst Ratings Changes

Several brokerages have recently issued reports on XOM. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. TD Cowen cut their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Wolfe Research upped their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. lowered their price objective 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. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Price Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The business has a 50 day simple moving average of $108.60 and a 200-day simple moving average of $114.53. The firm has a market cap of $492.78 billion, a price-to-earnings ratio of 14.30, a P/E/G ratio of 2.97 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the company posted $2.48 EPS. Equities research analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.53%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’s 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 of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

Institutional Trading of Exxon Mobil

Several hedge funds have recently added to or reduced their stakes in XOM. 10Elms LLP purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth $31,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the 4th quarter worth about $36,000. Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil in the 4th quarter valued at about $46,000. Finally, Compass Planning Associates Inc bought a new position in Exxon Mobil during the fourth quarter worth about $47,000. Institutional investors 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.