Exxon Mobil (NYSE:XOM) Shares Up 1.8% – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM) shot up 1.8% on Friday . The stock traded as high as $110.65 and last traded at $110.64. 3,017,489 shares were traded during mid-day trading, a decline of 80% from the average session volume of 14,937,954 shares. The stock had previously closed at $108.67.

Analyst Ratings Changes

Several brokerages have recently weighed in on XOM. Mizuho decreased their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Argus upgraded Exxon Mobil to a “strong-buy” rating in a report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Truist Financial raised their price objective on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, HSBC cut their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research note on Friday, January 31st. One research 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. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Price 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’s 50-day simple moving average is $109.34 and its 200-day simple moving average is $113.65. The stock has a market capitalization of $485.90 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results 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 last year, the company earned $2.48 earnings per share. Research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil 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 completion of the sale, the vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. 10Elms LLP bought a new position in Exxon Mobil in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $32,000. Keystone Financial Group Inc. bought a new position in Exxon Mobil in the fourth quarter valued at approximately $36,000. Finally, Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $46,000. 61.80% of the stock is 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.