Exxon Mobil (NYSE:XOM) Stock Price Up 3.5% – What’s Next?

Exxon Mobil Co. (NYSE:XOM)’s share price shot up 3.5% during trading on Thursday . The company traded as high as $106.99 and last traded at $107.84. 4,276,262 shares were traded during mid-day trading, a decline of 73% from the average session volume of 15,922,823 shares. The stock had previously closed at $104.19.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of Exxon Mobil from $135.00 to $131.00 and set a “buy” rating on the stock in a research note on Monday. HSBC decreased their price target 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. Argus raised Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Barclays decreased their target price on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $126.75.

Exxon Mobil Price Performance

The company has a 50-day moving average of $110.00 and a two-hundred day moving average of $112.97. 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 stock has a market capitalization of $466.40 billion, a PE ratio of 13.74, a P/E/G ratio of 3.02 and a beta of 0.61.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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 quarter in the previous year, the business earned $2.48 EPS. Sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.67%. Exxon Mobil’s payout ratio is 50.51%.

Insider Activity at Exxon Mobil

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

Institutional Trading of Exxon Mobil

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its stake in Exxon Mobil by 4.5% during the first quarter. Janney Montgomery Scott LLC now owns 1,562,382 shares of the oil and gas company’s stock worth $185,814,000 after buying an additional 67,900 shares during the period. M.E. Allison & CO. Inc. boosted its position in Exxon Mobil by 53.7% during the 1st quarter. M.E. Allison & CO. Inc. now owns 5,251 shares of the oil and gas company’s stock worth $625,000 after purchasing an additional 1,835 shares during the period. Mission Wealth Management LP increased its holdings in Exxon Mobil by 9.8% in the 1st quarter. Mission Wealth Management LP now owns 94,748 shares of the oil and gas company’s stock valued at $11,268,000 after purchasing an additional 8,470 shares in the last quarter. Brown Miller Wealth Management LLC raised its position in Exxon Mobil by 46.0% in the first quarter. Brown Miller Wealth Management LLC now owns 4,113 shares of the oil and gas company’s stock valued at $489,000 after purchasing an additional 1,296 shares during the period. Finally, 1900 Wealth Management LLC lifted its stake in shares of Exxon Mobil by 0.4% during the first quarter. 1900 Wealth Management LLC now owns 34,573 shares of the oil and gas company’s stock worth $4,112,000 after purchasing an additional 129 shares in the last quarter. 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.