Exxon Mobil (NYSE:XOM) Trading 1.1% Higher

Exxon Mobil Co. (NYSE:XOM)’s share price shot up 1.1% during trading on Monday . The company traded as high as $114.69 and last traded at $114.49. 2,615,550 shares changed hands during trading, a decline of 85% from the average session volume of 17,802,537 shares. The stock had previously closed at $113.27.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Mizuho boosted their target price on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Barclays decreased their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. TD Cowen boosted their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. HSBC boosted their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, Scotiabank boosted their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $134.41.

Exxon Mobil Stock Up 1.9 %

The firm has a market cap of $455.22 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 4.24 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average of $114.16 and a 200-day moving average of $110.54.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter in the previous year, the company posted $2.83 EPS. The business’s revenue was down 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Co. will post 8.92 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.29%. Exxon Mobil’s dividend payout ratio is 46.57%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently made changes to their positions in XOM. Root Financial Partners LLC grew its position in Exxon Mobil by 10.7% during the fourth quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company’s stock worth $205,000 after buying an additional 199 shares in the last quarter. RNC Capital Management LLC grew its position in Exxon Mobil by 5.5% during the fourth quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company’s stock worth $8,791,000 after buying an additional 4,585 shares in the last quarter. Dupree Financial Group LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $378,000. Intact Investment Management Inc. grew its position in Exxon Mobil by 225.7% during the fourth quarter. Intact Investment Management Inc. now owns 68,400 shares of the oil and gas company’s stock worth $6,839,000 after buying an additional 47,400 shares in the last quarter. Finally, AJOVista LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $312,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Company Profile

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.