Exxon Mobil (NYSE:XOM) Trading Up 0.4% – What’s Next?

Exxon Mobil Co. (NYSE:XOM)’s share price traded up 0.4% on Thursday . The company traded as high as $118.86 and last traded at $118.75. 2,220,442 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 14,900,926 shares. The stock had previously closed at $118.27.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. HSBC dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Piper Sandler reduced their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Bernstein Bank raised their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. Finally, Mizuho cut their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $129.05.

Exxon Mobil Trading Down 0.2 %

The firm’s 50 day simple moving average is $110.73 and its 200-day simple moving average is $113.69. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $510.53 billion, a PE ratio of 15.01, a P/E/G ratio of 3.02 and a beta of 0.83.

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 net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the company earned $2.48 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.37%. Exxon Mobil’s payout ratio is currently 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

Hedge Funds Weigh In On Exxon Mobil

A number of institutional investors have recently added to or reduced their stakes in XOM. Principal Financial Group Inc. grew its position in shares of Exxon Mobil by 8.4% during the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after buying an additional 521,932 shares in the last quarter. United Bank lifted its holdings in Exxon Mobil by 3.7% in the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock worth $2,101,000 after acquiring an additional 641 shares during the last quarter. FORA Capital LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $671,000. Northwest & Ethical Investments L.P. boosted its position in Exxon Mobil by 15.5% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 60,510 shares of the oil and gas company’s stock valued at $7,093,000 after purchasing an additional 8,110 shares during the period. Finally, Isthmus Partners LLC bought a new position in Exxon Mobil during the 3rd quarter worth $905,000. 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.