Exxon Mobil (NYSE:XOM) Shares Up 0.3%

Shares of Exxon Mobil Co. (NYSE:XOMGet Free Report) shot up 0.3% on Wednesday . The company traded as high as $119.68 and last traded at $119.65. 4,486,626 shares changed hands during trading, a decline of 75% from the average session volume of 18,212,229 shares. The stock had previously closed at $119.28.

Analysts Set New Price Targets

A number of brokerages have commented on XOM. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Piper Sandler decreased their price objective on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. JPMorgan Chase & Co. decreased their price objective on Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Friday, December 8th. UBS Group reduced their target price on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. Finally, Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $128.47.

View Our Latest Analysis on Exxon Mobil

Exxon Mobil Stock Down 0.1 %

The firm has a 50 day moving average of $106.94 and a 200 day moving average of $105.89. The firm has a market cap of $472.93 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 4.28 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOMGet Free Report) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same quarter last year, the firm posted $3.40 earnings per share. The firm’s revenue was down 11.6% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil Co. will post 9.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.19%. Exxon Mobil’s dividend payout ratio is presently 42.74%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Institutional Trading of Exxon Mobil

Several hedge funds have recently made changes to their positions in XOM. Moneta Group Investment Advisors LLC grew its position in shares of Exxon Mobil by 140,855.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after purchasing an additional 123,254,064 shares in the last quarter. Norges Bank purchased a new position in Exxon Mobil during the fourth quarter worth about $5,519,753,000. Fisher Asset Management LLC grew its position in Exxon Mobil by 566.2% during the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after buying an additional 11,216,602 shares in the last quarter. Imprint Wealth LLC grew its position in Exxon Mobil by 9,115.2% during the second quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock worth $1,130,434,000 after buying an additional 11,181,673 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Exxon Mobil by 32.1% in the 4th quarter. Legal & General Group Plc now owns 27,896,825 shares of the oil and gas company’s stock worth $2,789,125,000 after purchasing an additional 6,786,525 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

About Exxon Mobil

(Get Free Report)

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.

Further Reading

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