ExxonMobil (NYSE:XOM) Shares Up 2.5% – What’s Next?

ExxonMobil Corporation (NYSE:XOM)’s share price traded up 2.5% on Monday . The stock traded as high as $149.65 and last traded at $148.8280. 16,443,849 shares changed hands during trading, a decline of 22% from the average session volume of 20,987,037 shares. The stock had previously closed at $145.26.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Mizuho lifted their target price on ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Citigroup increased their price target on ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Royal Bank Of Canada restated a “sector perform” rating and set a $180.00 price target on shares of ExxonMobil in a research note on Tuesday, May 5th. Finally, Morgan Stanley decreased their price objective on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Ten equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $165.55.

ExxonMobil Trading Up 0.3%

The company has a market capitalization of $620.84 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 0.65 and a beta of 0.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The company’s fifty day moving average is $154.85 and its 200-day moving average is $140.51.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.76 earnings per share. On average, analysts anticipate that ExxonMobil Corporation will post 11.49 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, May 15th. ExxonMobil’s dividend payout ratio is 69.48%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 1,080 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president owned 17,124 shares of the company’s stock, valued at $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by insiders.

Institutional Trading of ExxonMobil

A number of institutional investors have recently modified their holdings of the company. Berbice Capital Management LLC purchased a new position in ExxonMobil in the fourth quarter worth $26,000. Midwest Capital Advisors LLC acquired a new stake in shares of ExxonMobil in the 4th quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of ExxonMobil by 456.1% in the 4th 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 in the last quarter. Key Capital Management INC purchased a new position in ExxonMobil during the 4th quarter worth $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in ExxonMobil during the 4th quarter valued at about $32,000. 61.80% of the stock is currently owned by institutional investors.

About ExxonMobil

ExxonMobil 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.