Exxon Mobil (NYSE:XOM) Trading 0.4% Higher

Shares of Exxon Mobil Co. (NYSE:XOM) traded up 0.4% during mid-day trading on Thursday . The stock traded as high as $117.26 and last traded at $116.53. 7,577,102 shares changed hands during trading, a decline of 58% from the average session volume of 18,209,746 shares. The stock had previously closed at $116.03.

Analyst Ratings Changes

A number of equities analysts have issued reports on XOM shares. TD Cowen upped their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday. HSBC upped their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday. Scotiabank raised their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, Wells Fargo & Company lifted their price target on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $134.06.

Exxon Mobil Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The business’s 50 day simple moving average is $114.41 and its 200-day simple moving average is $106.92. The company has a market cap of $457.51 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (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 company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the previous year, the business posted $2.83 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 9.61 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. Exxon Mobil’s payout ratio is presently 46.57%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

A number of institutional investors have recently made changes to their positions in XOM. Carmel Capital Partners LLC increased its position 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 purchasing an additional 86 shares during the period. PFS Partners LLC lifted its stake in Exxon Mobil by 0.5% during the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock worth $2,190,000 after purchasing an additional 89 shares during the last quarter. Bay Rivers Group boosted its holdings in shares of 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 valued at $436,000 after purchasing an additional 90 shares in the last quarter. Gilbert & Cook Inc. lifted its position 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 worth $2,972,000 after buying an additional 91 shares during the last quarter. Finally, Lindbrook Capital LLC grew its holdings in shares of Exxon Mobil by 0.8% during the 1st quarter. Lindbrook Capital LLC now owns 11,205 shares of the oil and gas company’s stock valued at $1,302,000 after purchasing an additional 93 shares during the last quarter. Institutional investors 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.