Exxon Mobil (NYSE:XOM) Trading 0.4% Higher – Still a Buy?

Exxon Mobil Co. (NYSE:XOM) shares traded up 0.4% on Thursday . The company traded as high as $107.89 and last traded at $107.78. 2,567,180 shares traded hands during trading, a decline of 82% from the average session volume of 14,462,393 shares. The stock had previously closed at $107.35.

Analysts Set New Price Targets

Several analysts have weighed in on the company. UBS Group cut their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Wolfe Research lifted their price objective on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. The Goldman Sachs Group cut their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, BMO Capital Markets lowered their price objective on shares of 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 assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Stock Performance

The firm’s 50-day simple moving average is $108.78 and its two-hundred day simple moving average is $114.73. The stock has a market capitalization of $475.42 billion, a PE ratio of 13.80, a PEG ratio of 2.94 and a beta of 0.89. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last posted its quarterly 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 quarter last year, the firm earned $2.48 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 7.37 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.66%. Exxon Mobil’s dividend payout ratio is 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was 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 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 hyperlink. Insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

Large investors have recently made changes to their positions in the business. Gallagher Fiduciary Advisors LLC lifted its holdings in shares of Exxon Mobil by 9.2% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 24,345 shares of the oil and gas company’s stock worth $2,619,000 after buying an additional 2,058 shares during the last quarter. Wahed Invest LLC raised its position in Exxon Mobil by 6.4% in the fourth quarter. Wahed Invest LLC now owns 115,403 shares of the oil and gas company’s stock worth $12,414,000 after purchasing an additional 6,980 shares in the last quarter. Pennington Partners & CO. LLC acquired a new position in Exxon Mobil in the fourth quarter worth about $339,000. South Plains Financial Inc. acquired a new position in Exxon Mobil in the fourth quarter worth about $569,000. Finally, Blue Rock Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $378,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

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.