Exxon Mobil (NYSE:XOM) Shares Up 0.3%

Exxon Mobil Co. (NYSE:XOM) was up 0.3% during trading on Tuesday . The company traded as high as $119.45 and last traded at $119.01. Approximately 2,430,226 shares traded hands during trading, a decline of 87% from the average daily volume of 18,364,445 shares. The stock had previously closed at $118.67.

Analyst Ratings Changes

A number of research analysts have recently commented on XOM shares. Wells Fargo & Company upped their price target on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday, May 15th. HSBC upped their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Mizuho upped their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Scotiabank upped their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

Exxon Mobil Price Performance

The firm has a market capitalization of $454.98 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 4.10 and a beta of 0.96. 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 has a 50 day simple moving average of $117.59 and a two-hundred day simple moving average of $107.76.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the prior year, the company earned $2.83 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.57 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.29%. Exxon Mobil’s dividend payout ratio (DPR) is presently 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 transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently bought and sold shares of the business. FPC Investment Advisory Inc. bought a new position in Exxon Mobil during the 1st quarter valued at approximately $25,000. First Pacific Financial bought a new position in Exxon Mobil during the 1st quarter valued at approximately $34,000. Partnership Wealth Management LLC bought a new position in Exxon Mobil during the 4th quarter valued at approximately $46,000. Vima LLC bought a new position in Exxon Mobil during the 4th quarter valued at approximately $50,000. Finally, ESL Trust Services LLC bought a new position in Exxon Mobil during the 1st quarter valued at approximately $76,000. Hedge funds and other institutional investors 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.