Exxon Mobil (NYSE:XOM) Stock Price Up 3.2% – Here’s Why

Shares of Exxon Mobil Co. (NYSE:XOM) shot up 3.2% during mid-day trading on Monday . The stock traded as high as $111.73 and last traded at $112.50. 4,956,106 shares were traded during trading, a decline of 67% from the average session volume of 14,923,370 shares. The stock had previously closed at $109.02.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Truist Financial upped their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. Mizuho reduced their price objective on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. reduced their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Finally, Bernstein Bank lifted their price target on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating 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. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Price Performance

The stock’s 50-day moving average is $109.05 and its 200-day moving average is $113.87. The firm has a market cap of $485.33 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS 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 period last year, the business earned $2.48 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction 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 owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

A number of large investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position in shares of Exxon Mobil by 8.4% during the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock worth $786,453,000 after purchasing an additional 521,932 shares in the last quarter. Confluence Investment Management LLC boosted its position in Exxon Mobil by 3.4% in the 3rd quarter. Confluence Investment Management LLC now owns 5,626 shares of the oil and gas company’s stock valued at $659,000 after buying an additional 185 shares during the last quarter. Summit Global Investments lifted its stake in shares of Exxon Mobil by 79.6% during the third quarter. Summit Global Investments now owns 5,729 shares of the oil and gas company’s stock valued at $672,000 after acquiring an additional 2,539 shares during the period. Philip James Wealth Mangement LLC acquired a new position in Exxon Mobil during the 3rd quarter valued at about $58,249,000. Finally, Capital Performance Advisors LLP boosted its stake in shares of Exxon Mobil by 60.7% in the 3rd quarter. Capital Performance Advisors LLP now owns 3,557 shares of the oil and gas company’s stock valued at $417,000 after purchasing an additional 1,343 shares during the last quarter. 61.80% of the stock is currently 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.