Exxon Mobil (NYSE:XOM) Trading 0.8% Higher

Exxon Mobil Co. (NYSE:XOM) was up 0.8% during mid-day trading on Wednesday . The stock traded as high as $115.66 and last traded at $115.15. Approximately 2,583,090 shares traded hands during trading, a decline of 86% from the average daily volume of 18,151,895 shares. The stock had previously closed at $114.18.

Analysts Set New Price Targets

XOM has been the subject of several recent analyst reports. Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Barclays assumed coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Truist Financial restated a “hold” rating and set a $124.00 price target (down from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. TD Cowen increased their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, Morgan Stanley reissued an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $133.82.

Exxon Mobil Stock Up 0.5 %

The firm has a market capitalization of $452.50 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 4.15 and a beta of 0.91. 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 stock has a fifty day moving average of $114.88 and a 200-day moving average of $109.95.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.83 EPS. As a group, sell-side analysts expect that Exxon Mobil Co. will post 9.23 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.31%. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Activity

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Carmel Capital Partners LLC increased its stake in shares of Exxon Mobil by 1.0% in the first quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after acquiring an additional 86 shares during the last quarter. PFS Partners LLC grew its stake in Exxon Mobil by 0.5% in the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after purchasing an additional 89 shares in the last quarter. Bay Rivers Group increased its position in Exxon Mobil by 2.5% in the 1st quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock worth $436,000 after purchasing an additional 90 shares during the last quarter. WPWealth LLP raised its stake in shares of Exxon Mobil by 1.0% during the 1st quarter. WPWealth LLP now owns 8,701 shares of the oil and gas company’s stock worth $1,011,000 after purchasing an additional 90 shares in the last quarter. Finally, Gilbert & Cook Inc. lifted its holdings in shares of Exxon Mobil by 0.4% during the 1st quarter. Gilbert & Cook Inc. now owns 25,564 shares of the oil and gas company’s stock valued at $2,972,000 after buying an additional 91 shares during 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.