Exxon Mobil (NYSE:XOM) Stock Price Up 0.6% – What’s Next?

Shares of Exxon Mobil Co. (NYSE:XOM) traded up 0.6% during mid-day trading on Tuesday . The company traded as high as $105.41 and last traded at $104.04. 3,082,126 shares were traded during trading, a decline of 81% from the average session volume of 15,941,805 shares. The stock had previously closed at $103.39.

Wall Street Analyst Weigh In

XOM has been the topic of several recent analyst reports. HSBC dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Bernstein Bank increased their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. JPMorgan Chase & Co. dropped their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, TD Cowen lowered their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $126.75.

Exxon Mobil Stock Up 0.1 %

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 business has a fifty day moving average of $110.20 and a 200-day moving average of $113.10. The stock has a market cap of $447.54 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61.

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

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.83%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.03% of the stock is owned by company insiders.

Institutional Trading of Exxon Mobil

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

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.