Exxon Mobil Co. (NYSE:XOM – Get Free Report)’s stock price shot up 0.1% on Thursday . The stock traded as high as $113.95 and last traded at $113.73. 3,254,903 shares changed hands during trading, a decline of 82% from the average session volume of 18,162,586 shares. The stock had previously closed at $113.63.
Analyst Ratings Changes
XOM has been the topic of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Truist Financial upped their target price on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. TD Cowen lifted their price objective on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. UBS Group boosted their target price on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.00.
Exxon Mobil Trading Up 0.3 %
The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $449.50 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 4.00 and a beta of 0.96. The business has a fifty day moving average price of $117.75 and a 200 day moving average price of $108.10.
Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.83 earnings per share. On average, analysts expect that Exxon Mobil Co. will post 9.57 earnings per share for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.33%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.
Insider Activity
In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Cambridge Trust Co. raised its stake in Exxon Mobil by 0.7% in the first quarter. Cambridge Trust Co. now owns 490,112 shares of the oil and gas company’s stock valued at $56,971,000 after buying an additional 3,167 shares during the period. Motiv8 Investments LLC raised its stake in Exxon Mobil by 1.9% in the 1st quarter. Motiv8 Investments LLC now owns 9,716 shares of the oil and gas company’s stock valued at $1,129,000 after acquiring an additional 181 shares during the period. Pathway Financial Advisers LLC acquired a new stake in Exxon Mobil during the 1st quarter valued at $461,000. Instrumental Wealth LLC lifted its holdings in Exxon Mobil by 13.1% during the 1st quarter. Instrumental Wealth LLC now owns 4,364 shares of the oil and gas company’s stock valued at $501,000 after purchasing an additional 504 shares during the last quarter. Finally, Alexander Labrunerie & CO. Inc. bought a new position in Exxon Mobil during the first quarter worth $4,465,000. 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.