Exxon Mobil (NYSE:XOM) Stock Price Up 3.2% – What’s Next?

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on XOM shares. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Bernstein Bank lifted their target price on Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Wells Fargo & Company lowered their target price on Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, BMO Capital Markets reduced their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Trading Up 2.6 %

The stock has a market capitalization of $485.33 billion, a P/E ratio of 14.27, a P/E/G ratio of 3.02 and a beta of 0.83. The firm’s 50 day simple moving average is $109.05 and its two-hundred day simple moving average is $113.87. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 prior year, the firm earned $2.48 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of the firm’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 sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Institutional Trading of Exxon Mobil

A number of large investors have recently added to or reduced their stakes in the stock. 10Elms LLP purchased a new stake in Exxon Mobil in the fourth quarter worth $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the fourth quarter worth about $31,000. Capital A Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $32,000. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $36,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors 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.