Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) were up 2.2% during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as $109.88 and last traded at $109.47. Approximately 4,191,973 shares changed hands during trading, a decline of 72% from the average daily volume of 14,808,157 shares. The stock had previously closed at $107.09.
The newly announced dividend which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.64%. Exxon Mobil's payout ratio is presently 50.51%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on XOM shares. 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 research report on Friday, January 31st. Argus upgraded shares of Exxon Mobil to a "strong-buy" rating in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a report on Monday, December 16th. Bernstein Bank boosted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Mizuho lowered 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. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $129.25.
View Our Latest Research Report on XOM
Exxon Mobil Price Performance
The stock has a market capitalization of $478.49 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. 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 firm has a 50 day moving average price of $109.59 and a 200 day moving average price of $115.00.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its 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 quarter in the previous year, the business earned $2.48 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 7.65 earnings per share for the current year.
Insider Buying and Selling at Exxon Mobil
In related news, VP Darrin L. Talley sold 2,100 shares of the firm'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 completion of the transaction, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in XOM. CWM LLC raised its position in Exxon Mobil by 3.5% during the third quarter. CWM LLC now owns 639,429 shares of the oil and gas company's stock valued at $74,954,000 after purchasing an additional 21,852 shares during the period. Marcum Wealth LLC lifted its position in shares of Exxon Mobil by 1.7% during the third quarter. Marcum Wealth LLC now owns 33,043 shares of the oil and gas company's stock worth $3,873,000 after purchasing an additional 562 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Exxon Mobil by 5.9% in the third quarter. Wedmont Private Capital now owns 58,146 shares of the oil and gas company's stock worth $7,290,000 after purchasing an additional 3,235 shares during the last quarter. Adirondack Trust Co. lifted its holdings in Exxon Mobil by 1.0% during the 3rd quarter. Adirondack Trust Co. now owns 25,209 shares of the oil and gas company's stock valued at $2,955,000 after buying an additional 238 shares in the last quarter. Finally, Enterprise Bank & Trust Co increased its position in shares of Exxon Mobil by 5.9% during the third quarter. Enterprise Bank & Trust Co now owns 4,481 shares of the oil and gas company's stock worth $525,000 after acquiring an additional 249 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.
About Exxon Mobil
(
Get Free Report)
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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