Exxon Mobil (NYSE:XOM) Trading Up 1.5% - Time to Buy?

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price rose 1.5% during mid-day trading on Wednesday . The stock traded as high as $105.07 and last traded at $104.65. Approximately 2,556,899 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 15,931,562 shares. The stock had previously closed at $103.10.

Analysts Set New Price Targets

XOM has been the topic of a number of recent analyst reports. Mizuho decreased their target price on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $115.00 price target on shares of Exxon Mobil in a report on Monday, February 3rd. Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. 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. Finally, Argus raised Exxon Mobil to a "strong-buy" rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and a consensus price target of $126.75.

Exxon Mobil Stock Up 2.5 %

The business's fifty day moving average is $109.82 and its two-hundred day moving average is $112.81. The company has a market cap of $462.12 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

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 analysts' consensus estimates 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 quarter in the previous year, the business earned $2.48 EPS. Equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed 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 3.71%. Exxon Mobil's dividend payout ratio is currently 50.51%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction dated 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 owns 18,087 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company's stock.

Institutional Trading of Exxon Mobil

Hedge funds and other institutional investors have recently modified their holdings of the business. Rockline Wealth Management LLC boosted its stake in shares of Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock worth $2,788,000 after acquiring an additional 1,498 shares in the last quarter. Renasant Bank raised its stake in shares of Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after acquiring an additional 493 shares during the last quarter. Helen Stephens Group LLC grew its holdings in Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock worth $4,479,000 after acquiring an additional 2,825 shares during the period. Hartford Funds Management Co LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $543,000. Finally, Czech National Bank lifted its position in Exxon Mobil by 5.3% in the 4th quarter. Czech National Bank now owns 952,944 shares of the oil and gas company's stock valued at $102,508,000 after acquiring an additional 47,893 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

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.