Exxon Mobil (NYSE:XOM) Stock Price Up 1.1% – What’s Next?

Exxon Mobil Co. (NYSE:XOM)’s share price was up 1.1% on Wednesday . The company traded as high as $114.98 and last traded at $114.92. Approximately 2,967,508 shares were traded during trading, a decline of 80% from the average daily volume of 14,826,436 shares. The stock had previously closed at $113.64.

Analyst Ratings Changes

XOM has been the topic of several research analyst reports. HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Bernstein Bank upped their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Truist Financial raised their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Scotiabank cut their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.15.

Exxon Mobil Stock Performance

The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $501.26 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The stock’s 50-day simple moving average is $109.92 and its 200 day simple moving average is $113.60.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 period last year, the company earned $2.48 earnings per share. Analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity at Exxon Mobil

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 value of $231,000.00. Following the completion of the sale, the vice president now 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Institutional Trading of Exxon Mobil

Several hedge funds have recently modified their holdings of the stock. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter worth about $32,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil during the 4th quarter worth about $36,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Exxon Mobil during the 4th quarter valued at about $46,000. 61.80% of the stock is owned by institutional investors.

About Exxon Mobil

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.