Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares were up 1.6% during mid-day trading on Monday after Truist Financial raised their price target on the stock from $117.00 to $119.00. Truist Financial currently has a hold rating on the stock. Exxon Mobil traded as high as $108.74 and last traded at $108.20. Approximately 3,932,860 shares changed hands during trading, a decline of 71% from the average daily volume of 13,655,351 shares. The stock had previously closed at $106.54.
Several other research analysts also recently issued reports on the stock. Royal Bank of Canada reissued a "sector perform" rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. Scotiabank upgraded shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. JPMorgan Chase & Co. cut their price target on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Morgan Stanley decreased their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, BMO Capital Markets lifted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.84.
Check Out Our Latest Analysis on Exxon Mobil
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. Johnson & White Wealth Management LLC lifted its stake in Exxon Mobil by 4.2% in the 4th quarter. Johnson & White Wealth Management LLC now owns 12,011 shares of the oil and gas company's stock valued at $1,289,000 after purchasing an additional 489 shares during the last quarter. Greenfield Savings Bank grew its position in Exxon Mobil by 0.8% during the fourth quarter. Greenfield Savings Bank now owns 18,585 shares of the oil and gas company's stock worth $1,999,000 after buying an additional 153 shares in the last quarter. Columbia Advisory Partners LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth $345,000. Gleason Group Inc. raised its position in shares of Exxon Mobil by 0.9% in the 4th quarter. Gleason Group Inc. now owns 16,387 shares of the oil and gas company's stock valued at $1,763,000 after buying an additional 141 shares in the last quarter. Finally, Cullen Investment Group LTD. raised its position in Exxon Mobil by 4.0% during the fourth quarter. Cullen Investment Group LTD. now owns 57,646 shares of the oil and gas company's stock valued at $6,201,000 after purchasing an additional 2,201 shares in the last quarter. Institutional investors own 61.80% of the company's stock.
Exxon Mobil Trading Up 2.6 %
The firm has a 50-day moving average of $113.31 and a two-hundred day moving average of $115.61. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $480.25 billion, a P/E ratio of 13.61, a P/E/G ratio of 4.65 and a beta of 0.91.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 EPS. The business's revenue was down .8% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 7.95 EPS for the current year.
Exxon Mobil Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.62%. Exxon Mobil's payout ratio is presently 49.32%.
About Exxon Mobil
(
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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.
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