Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s share price shot up 1.1% on Wednesday . The stock traded as high as $114.98 and last traded at $114.92. 2,967,508 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 14,826,436 shares. The stock had previously closed at $113.64.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on XOM shares. Bernstein Bank raised their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Barclays reduced their price target on Exxon Mobil from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Truist Financial boosted their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research report on Monday, January 13th. TD Cowen cut their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a report on Monday, December 16th. Finally, UBS Group dropped their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $129.15.
Check Out Our Latest Report on Exxon Mobil
Exxon Mobil Price Performance
The firm has a 50-day simple moving average of $110.22 and a 200 day simple moving average of $113.58. The firm has a market cap of $502.52 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.
Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 firm earned $2.48 EPS. As a group, equities analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm's 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 sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company's stock.
Institutional Investors Weigh In On Exxon Mobil
A number of institutional investors have recently made changes to their positions in the company. Fire Capital Management LLC bought a new position in Exxon Mobil in the 4th quarter valued at approximately $1,966,000. Mascagni Wealth Management Inc. purchased a new position in shares of Exxon Mobil in the fourth quarter worth $948,000. Prostatis Group LLC lifted its holdings in shares of Exxon Mobil by 12.0% during the fourth quarter. Prostatis Group LLC now owns 14,767 shares of the oil and gas company's stock valued at $1,588,000 after purchasing an additional 1,577 shares in the last quarter. M1 Capital Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at $630,000. Finally, Northeast Planning Associates INC. NH bought a new stake in Exxon Mobil in the 4th quarter worth about $302,000. 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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