Exxon Mobil (NYSE:XOM) Trading 1.1% Higher - Here's Why

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price rose 1.1% during mid-day trading on Wednesday . The company traded as high as $114.98 and last traded at $114.92. Approximately 2,967,508 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 14,826,436 shares. The stock had previously closed at $113.64.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of analyst reports. Scotiabank decreased their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. Royal Bank of Canada reiterated a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a research report on Monday, February 3rd. Piper Sandler dropped their target price on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. BMO Capital Markets lowered their price target on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a report on Friday, January 31st. Finally, The Goldman Sachs Group lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $129.15.

Remove Ads

Exxon Mobil Stock Down 0.5 %

The firm has a 50 day simple moving average of $110.09 and a two-hundred day simple moving average of $113.57. The company has a market capitalization of $500.29 billion, a PE ratio of 14.71, a P/E/G ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share 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 in the previous year, the company earned $2.48 earnings per share. Research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.43%. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.03% of the company's stock.

Hedge Funds Weigh In On Exxon Mobil

Several hedge funds and other institutional investors have recently bought and sold shares of XOM. Prostatis Group LLC raised its holdings in shares of 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 during the last quarter. M1 Capital Management LLC acquired a new position in Exxon Mobil in the fourth quarter valued at $630,000. Northeast Planning Associates INC. NH purchased a new position in Exxon Mobil during the fourth quarter worth about $302,000. DSG Capital Advisors LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $1,650,000. Finally, Chancellor Financial Group WB LP purchased a new position in Exxon Mobil during the fourth quarter worth about $706,000. 61.80% of the stock is owned by institutional investors and hedge funds.

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.