Exxon Mobil (NYSE:XOM) Shares Up 1.2% – What’s Next?

Exxon Mobil Corporation (NYSE:XOM)’s share price shot up 1.2% during mid-day trading on Monday . The stock traded as high as $121.30 and last traded at $120.4880. 14,050,868 shares were traded during trading, a decline of 13% from the average session volume of 16,093,810 shares. The stock had previously closed at $119.11.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Bank of America decreased their price target on shares of Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. UBS Group restated a “buy” rating on shares of Exxon Mobil in a report on Tuesday, December 9th. Finally, Citigroup increased their target price on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.45.

Exxon Mobil Stock Performance

The firm has a market capitalization of $507.58 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 7.58 and a beta of 0.38. The firm’s 50-day moving average price is $116.98 and its two-hundred day moving average price is $113.39. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.4%. Exxon Mobil’s dividend payout ratio is 59.88%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the sale, the vice president directly owned 28,584 shares in the company, valued at $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently made changes to their positions in the company. Eagle Capital Management LLC boosted its holdings in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares in the last quarter. 1248 Management LLC bought a new position in Exxon Mobil in the 1st quarter valued at $40,000. EP Wealth Advisors LLC boosted its stake in Exxon Mobil by 6.3% in the first quarter. EP Wealth Advisors LLC now owns 901,263 shares of the oil and gas company’s stock worth $107,187,000 after purchasing an additional 53,474 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its stake in Exxon Mobil by 18.3% in the first quarter. Federation des caisses Desjardins du Quebec now owns 206,784 shares of the oil and gas company’s stock worth $24,595,000 after purchasing an additional 32,011 shares in the last quarter. Finally, Rench Wealth Management Inc. grew its holdings in shares of Exxon Mobil by 1.2% during the first quarter. Rench Wealth Management Inc. now owns 49,500 shares of the oil and gas company’s stock worth $5,887,000 after purchasing an additional 575 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.