Exxon Mobil (NYSE:XOM) Shares Up 2.6% - Here's Why

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price rose 2.6% during trading on Tuesday . The company traded as high as $107.68 and last traded at $108.06. Approximately 2,003,101 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 15,915,617 shares. The stock had previously closed at $105.35.

Analysts Set New Price Targets

A number of research firms have issued reports on XOM. BMO Capital Markets decreased their target price on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. Scotiabank cut their target price on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company cut their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Argus upgraded Exxon Mobil to a "strong-buy" rating in a research report on Tuesday, February 4th. Finally, Truist Financial lifted their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $126.75.

Exxon Mobil Stock Up 1.8 %

The company's fifty day simple moving average is $109.78 and its 200 day simple moving average is $112.54. The firm has a market capitalization of $463.84 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. 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 posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts' consensus estimates 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 previous year, the company posted $2.48 EPS. Research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.69%. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred 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 sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.03% of the company's stock.

Institutional Trading of Exxon Mobil

Institutional investors and hedge funds have recently modified their holdings of the business. Heartland Bank & Trust Co raised its position in Exxon Mobil by 5.0% in the 1st quarter. Heartland Bank & Trust Co now owns 19,004 shares of the oil and gas company's stock worth $2,260,000 after buying an additional 909 shares during the last quarter. Cyr Financial Inc. lifted its position in Exxon Mobil by 5.5% during the first quarter. Cyr Financial Inc. now owns 8,293 shares of the oil and gas company's stock valued at $986,000 after purchasing an additional 431 shares during the period. Absher Wealth Management LLC purchased a new stake in Exxon Mobil in the first quarter worth approximately $201,000. Matrix Asset Advisors Inc. NY grew its position in Exxon Mobil by 7.8% in the 1st quarter. Matrix Asset Advisors Inc. NY now owns 4,762 shares of the oil and gas company's stock worth $566,000 after purchasing an additional 345 shares during the period. Finally, Brendel Financial Advisors LLC raised its stake in Exxon Mobil by 3.2% during the 1st quarter. Brendel Financial Advisors LLC now owns 49,632 shares of the oil and gas company's stock valued at $5,903,000 after buying an additional 1,534 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

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.

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