Exxon Mobil (NYSE:XOM) Trading Up 1.8% - Should You Buy?

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) were up 1.8% during trading on Friday . The company traded as high as $110.65 and last traded at $110.64. Approximately 3,017,489 shares changed hands during trading, a decline of 80% from the average daily volume of 14,937,954 shares. The stock had previously closed at $108.67.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on XOM shares. Piper Sandler cut their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. Argus raised shares of Exxon Mobil to a "strong-buy" rating in a research note on Tuesday, February 4th. TD Cowen lowered their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating on the stock in a research report on Monday, December 16th. UBS Group lowered their price target on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. Finally, Bernstein Bank boosted their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $129.25.

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Exxon Mobil Stock Performance

The firm's fifty day moving average price is $109.26 and its 200 day moving average price is $113.73. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $486.28 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results 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 in the previous year, the company earned $2.48 EPS. Analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.53%. The ex-dividend date was Wednesday, February 12th. Exxon Mobil's payout ratio is currently 50.51%.

Insider Buying and Selling

In other Exxon Mobil 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 value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.03% of the stock is owned by insiders.

Institutional Investors Weigh In On Exxon Mobil

A number of large investors have recently modified their holdings of XOM. Principal Financial Group Inc. boosted its holdings in shares of 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. United Bank boosted its holdings in shares of Exxon Mobil by 3.7% in the 3rd quarter. United Bank now owns 17,920 shares of the oil and gas company's stock valued at $2,101,000 after buying an additional 641 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Exxon Mobil by 10.3% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,708 shares of the oil and gas company's stock valued at $669,000 after buying an additional 532 shares in the last quarter. Proactive Wealth Strategies LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter valued at $397,000. Finally, Ashton Thomas Private Wealth LLC boosted its holdings in shares of Exxon Mobil by 0.4% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 100,568 shares of the oil and gas company's stock valued at $11,789,000 after buying an additional 443 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.

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