Exxon Mobil (NYSE:XOM) Trading Up 2.2%

Exxon Mobil Co. (NYSE:XOM) shares were up 2.2% during mid-day trading on Monday . The company traded as high as $113.22 and last traded at $113.15. Approximately 3,288,494 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 18,253,148 shares. The stock had previously closed at $110.76.

Analyst Ratings Changes

XOM has been the subject of a number of research analyst reports. TD Cowen upped their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. UBS Group upped their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays began coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective for the company. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 15th. Finally, HSBC upped their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.82.

Exxon Mobil Stock Performance

The firm has a fifty day simple moving average of $115.50 and a 200 day simple moving average of $109.39. The company has a market cap of $451.12 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 4.11 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $2.83 earnings per share. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.32%. Exxon Mobil’s payout ratio is presently 46.57%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil in the first quarter worth about $25,000. First Pacific Financial acquired a new stake in Exxon Mobil in the first quarter worth about $34,000. Partnership Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter worth about $46,000. Vima LLC acquired a new stake in Exxon Mobil in the fourth quarter worth about $50,000. Finally, ESL Trust Services LLC acquired a new stake in Exxon Mobil in the first quarter worth about $76,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.