Exxon Mobil (NYSE:XOM) Shares Up 0.9%

Exxon Mobil Co. (NYSE:XOM)’s stock price traded up 0.9% during trading on Wednesday . The company traded as high as $110.72 and last traded at $109.38. 17,762,915 shares traded hands during mid-day trading, an increase of 17% from the average session volume of 15,136,387 shares. The stock had previously closed at $108.36.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Mizuho lifted their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. TD Cowen lifted their target price on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Piper Sandler boosted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, HSBC boosted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.71.

Exxon Mobil Stock Performance

The firm has a market cap of $440.63 billion, a PE ratio of 13.69, a PEG ratio of 3.90 and a beta of 0.92. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm’s 50 day simple moving average is $115.89 and its 200 day simple moving average is $108.98.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the previous year, the business posted $2.83 EPS. The firm’s revenue was down 4.0% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Co. will post 9.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is 46.57%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.

Institutional Trading of Exxon Mobil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil in the 1st quarter worth about $25,000. First Pacific Financial purchased a new position in shares of Exxon Mobil during the first quarter worth approximately $34,000. Partnership Wealth Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. Vima LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth approximately $50,000. Finally, ESL Trust Services LLC purchased a new position in shares of Exxon Mobil during the first quarter worth approximately $76,000. 61.80% of the stock is owned by hedge funds and other 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.