Exxon Mobil (NYSE:XOM) Trading 0.4% Higher – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM)’s share price was up 0.4% during mid-day trading on Thursday . The stock traded as high as $107.89 and last traded at $107.78. Approximately 2,567,180 shares were traded during trading, a decline of 82% from the average daily volume of 14,462,393 shares. The stock had previously closed at $107.35.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XOM. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Morgan Stanley boosted their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Mizuho dropped their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. TD Cowen reduced 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. Finally, Truist Financial lifted 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. 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 issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Stock Up 0.0 %

The firm has a fifty day simple moving average of $108.78 and a 200-day simple moving average of $114.73. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $475.42 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 2.94 and a beta of 0.89.

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 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 firm earned $2.48 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Announces Dividend

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

Insider Activity 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 stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

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.