Exxon Mobil (NYSE:XOM) Stock Price Up 0.7%

Exxon Mobil Co. (NYSE:XOM) shares shot up 0.7% during mid-day trading on Monday . The stock traded as high as $120.72 and last traded at $120.71. 4,487,612 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 18,100,195 shares. The stock had previously closed at $119.88.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. TD Cowen increased their target price on Exxon Mobil from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Truist Financial raised their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wells Fargo & Company upped their target price on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Mizuho reissued a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Finally, Piper Sandler upped their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $132.28.

Exxon Mobil Stock Up 0.4 %

The firm’s 50 day moving average is $112.29 and its two-hundred day moving average is $106.41. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a market capitalization of $479.15 billion, a P/E ratio of 13.62, a PEG ratio of 4.14 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The company had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.40 EPS. Research analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.14%. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds have recently modified their holdings of the company. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth about $46,000. Vima LLC bought a new position in shares of Exxon Mobil during the fourth quarter valued at $50,000. Redmont Wealth Advisors LLC bought a new stake in shares of Exxon Mobil in the first quarter worth $88,000. Orion Capital Management LLC acquired a new stake in Exxon Mobil in the third quarter valued at $91,000. Finally, Authentikos Wealth Advisory LLC bought a new position in Exxon Mobil during the 3rd quarter worth $92,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

About Exxon Mobil

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.