Exxon Mobil (NYSE:XOM) Sets New 12-Month High – Here’s What Happened

Exxon Mobil Corporation (NYSE:XOM) shares reached a new 52-week high on Monday . The company traded as high as $136.94 and last traded at $134.99, with a volume of 1480595 shares changing hands. The stock had previously closed at $134.97.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of analyst reports. Barclays increased their price objective on shares of Exxon Mobil from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup upped their target price on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. Zacks Research downgraded Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Exxon Mobil in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.84.

Exxon Mobil Stock Down 0.5%

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The stock has a market capitalization of $566.40 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 8.62 and a beta of 0.37. The stock has a fifty day moving average price of $120.74 and a 200 day moving average price of $115.29.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.16. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $83.33 billion during the quarter, compared to analyst estimates of $83.09 billion. During the same period in the previous year, the business earned $1.92 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Friday, November 14th. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Westfuller Advisors LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth $30,000. Bare Financial Services Inc lifted its holdings in shares of Exxon Mobil by 121.8% during the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 201 shares during the period. Clayton Financial Group LLC purchased a new stake in Exxon Mobil in the third quarter valued at approximately $40,000. TruNorth Capital Management LLC grew its stake in shares of Exxon Mobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 335 shares during the period. Finally, Investment Research & Advisory Group Inc. acquired a new stake in Exxon Mobil in the 2nd quarter valued at $42,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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.