Exxon Mobil (NYSE:XOM) Stock Price Up 2.5% - Still a Buy?

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s share price traded up 2.5% during trading on Friday . The company traded as high as $108.55 and last traded at $106.84. 17,830,092 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 15,979,540 shares. The stock had previously closed at $104.19.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Scotiabank lowered their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Bernstein Bank upped their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. HSBC decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Truist Financial upped their price target on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $126.75.

Exxon Mobil Stock Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The stock has a 50-day moving average price of $109.78 and a 200-day moving average price of $112.54. The firm has a market capitalization of $468.56 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data 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 prior year, the business earned $2.48 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company's stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Exxon Mobil by 8.4% in the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock valued at $786,453,000 after buying an additional 521,932 shares in the last quarter. McIlrath & Eck LLC raised its holdings in Exxon Mobil by 7.4% during the third quarter. McIlrath & Eck LLC now owns 5,603 shares of the oil and gas company's stock worth $657,000 after purchasing an additional 387 shares in the last quarter. Passumpsic Savings Bank lifted its position in Exxon Mobil by 50.5% in the third quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company's stock worth $424,000 after purchasing an additional 1,214 shares during the period. Advisory Resource Group increased its position in shares of Exxon Mobil by 3.0% during the 3rd quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company's stock valued at $5,123,000 after purchasing an additional 1,270 shares during the period. Finally, Diamant Asset Management Inc. lifted its holdings in shares of Exxon Mobil by 0.9% in the third quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company's stock valued at $1,518,000 after buying an additional 120 shares during the period. 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.