Exxon Mobil (NYSE:XOM) Trading Up 1.6% - What's Next?

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price was up 1.6% on Monday . The stock traded as high as $119.88 and last traded at $119.56. Approximately 3,627,316 shares traded hands during trading, a decline of 77% from the average daily volume of 15,659,906 shares. The stock had previously closed at $117.73.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on XOM. Mizuho dropped 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. UBS Group cut their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. Piper Sandler decreased their price objective on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Wells Fargo & Company decreased their price target on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, BMO Capital Markets cut their price objective on Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $129.05.

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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 company has a fifty day moving average price of $111.01 and a 200 day moving average price of $113.85. The stock has a market cap of $516.06 billion, a P/E ratio of 15.17, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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 return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the company posted $2.48 EPS. On average, equities 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. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.33%. Exxon Mobil's dividend payout ratio (DPR) is currently 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company's stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.03% of the company's stock.

Hedge Funds Weigh In On Exxon Mobil

Several large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in shares of Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock worth $786,453,000 after buying an additional 521,932 shares in the last quarter. United Bank lifted its holdings in Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company's stock worth $2,101,000 after acquiring an additional 641 shares during the period. Tradition Wealth Management LLC boosted its position in Exxon Mobil by 3.3% in the third quarter. Tradition Wealth Management LLC now owns 11,384 shares of the oil and gas company's stock worth $1,334,000 after purchasing an additional 362 shares during the last quarter. Erste Asset Management GmbH bought a new position in Exxon Mobil in the 3rd quarter valued at $5,536,000. Finally, Benjamin Edwards Inc. increased its position in shares of Exxon Mobil by 1,494.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 492,735 shares of the oil and gas company's stock valued at $57,764,000 after purchasing an additional 461,828 shares during the last quarter. 61.80% of the stock is currently owned by 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.