Exxon Mobil (NYSE:XOM) Trading Up 1.4%

Exxon Mobil Co. (NYSE:XOM) shot up 1.4% on Thursday . The stock traded as high as $117.83 and last traded at $117.83. 3,739,884 shares traded hands during trading, a decline of 80% from the average session volume of 18,656,068 shares. The stock had previously closed at $116.15.

Analyst Ratings Changes

A number of research firms have recently commented on XOM. Scotiabank upped their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. HSBC lifted their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Mizuho reiterated a “neutral” rating and set a $125.00 target price on shares of Exxon Mobil in a report on Thursday, April 4th. TD Cowen boosted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Finally, Barclays assumed coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price on the stock. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.18.

Exxon Mobil Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $115.38 and a two-hundred day simple moving average of $107.02. The stock has a market capitalization of $467.01 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 4.03 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.83 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 9.61 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently modified their holdings of XOM. Private Portfolio Partners LLC lifted its position in shares of Exxon Mobil by 0.5% in the first quarter. Private Portfolio Partners LLC now owns 39,605 shares of the oil and gas company’s stock worth $4,604,000 after buying an additional 179 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Exxon Mobil by 11.3% in the 1st quarter. Orion Portfolio Solutions LLC now owns 166,158 shares of the oil and gas company’s stock worth $19,314,000 after purchasing an additional 16,853 shares during the last quarter. Blair William & Co. IL boosted its position in Exxon Mobil by 3.7% during the first quarter. Blair William & Co. IL now owns 587,871 shares of the oil and gas company’s stock worth $68,334,000 after purchasing an additional 20,814 shares during the period. Wilkins Investment Counsel Inc. grew its holdings in Exxon Mobil by 176.3% during the first quarter. Wilkins Investment Counsel Inc. now owns 60,694 shares of the oil and gas company’s stock valued at $7,055,000 after purchasing an additional 38,729 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its position in shares of Exxon Mobil by 23.4% in the first quarter. Lord Abbett & CO. LLC now owns 2,918,680 shares of the oil and gas company’s stock valued at $339,267,000 after purchasing an additional 552,817 shares during the period. 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.