Exxon Mobil (NYSE:XOM) Reaches New 12-Month High Following Analyst Upgrade

Exxon Mobil Corporation (NYSE:XOMGet Free Report) shares hit a new 52-week high during trading on Monday after Bank of America raised their price target on the stock from $135.00 to $151.00. Bank of America currently has a neutral rating on the stock. Exxon Mobil traded as high as $159.61 and last traded at $155.2940, with a volume of 9077043 shares traded. The stock had previously closed at $152.50.

Other equities research analysts also recently issued research reports about the stock. UBS Group reiterated a “buy” rating and issued a $171.00 target price on shares of Exxon Mobil in a research report on Monday, February 2nd. Zacks Research raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Barclays increased their price objective on Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a report on Tuesday, February 3rd. Finally, Wells Fargo & Company decreased their target price on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $141.53.

Get Our Latest Stock Report on Exxon Mobil

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,230 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the sale, the vice president owned 20,354 shares in the company, valued at approximately $3,036,409.72. This trade represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 14,230 shares of company stock valued at $1,888,421 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

Key Exxon Mobil News

Here are the key news stories impacting Exxon Mobil this week:

Institutional Trading of Exxon Mobil

A number of hedge funds have recently modified their holdings of XOM. Berbice Capital Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $26,000. Midwest Capital Advisors LLC acquired a new position in Exxon Mobil in the fourth quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Exxon Mobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the period. Key Capital Management INC acquired a new stake in Exxon Mobil during the fourth quarter valued at approximately $28,000. Finally, Westfuller Advisors LLC bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $30,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $646.74 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 15.82 and a beta of 0.39. The stock has a fifty day moving average price of $135.64 and a 200-day moving average price of $121.77.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The business’s revenue was down 1.3% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is currently 61.58%.

Exxon Mobil Company Profile

(Get Free Report)

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.

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