Exxon Mobil (NYSE:XOM) Trading Up 2.4% – Here’s What Happened
by Danessa Lincoln · The Markets DailyExxon Mobil Corporation (NYSE:XOM – Get Free Report) shares traded up 2.4% on Wednesday . The stock traded as high as $133.73 and last traded at $133.63. 18,762,099 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 19,853,480 shares. The stock had previously closed at $130.46.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Zacks Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Barclays boosted their price target on shares of Exxon Mobil from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Friday, January 16th. Piper Sandler reduced their price objective on shares of Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Finally, Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $132.00.
Exxon Mobil Trading Up 2.4%
The stock has a market cap of $563.54 billion, a PE ratio of 19.42, a PEG ratio of 8.05 and a beta of 0.37. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $119.81 and a two-hundred day simple moving average of $114.85.
Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings data on Friday, October 31st. The oil and gas company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.72 by $0.16. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The company had revenue of $83.33 billion during the quarter, compared to analyst estimates of $83.09 billion. During the same quarter in the previous year, the firm earned $1.92 earnings per share. Exxon Mobil’s revenue was down 5.2% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.
Exxon Mobil Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 59.88%.
Insider Transactions at Exxon Mobil
In related news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the transaction, the vice president owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.
Hedge Funds Weigh In On Exxon Mobil
Large investors have recently added to or reduced their stakes in the business. Capstone Wealth Management LLC increased its holdings in Exxon Mobil by 3.1% during the 4th quarter. Capstone Wealth Management LLC now owns 2,606 shares of the oil and gas company’s stock valued at $314,000 after purchasing an additional 79 shares during the period. Sunburst Financial Group LLC grew its position in shares of Exxon Mobil by 2.3% in the 4th quarter. Sunburst Financial Group LLC now owns 3,526 shares of the oil and gas company’s stock worth $424,000 after buying an additional 80 shares during the last quarter. FRG Family Wealth Advisors LLC increased its stake in shares of Exxon Mobil by 0.7% during the fourth quarter. FRG Family Wealth Advisors LLC now owns 11,479 shares of the oil and gas company’s stock valued at $1,381,000 after buying an additional 84 shares during the period. JB Capital LLC raised its holdings in shares of Exxon Mobil by 0.3% during the fourth quarter. JB Capital LLC now owns 24,938 shares of the oil and gas company’s stock valued at $3,001,000 after acquiring an additional 85 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC raised its holdings in shares of Exxon Mobil by 1.0% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 8,218 shares of the oil and gas company’s stock valued at $989,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.
About Exxon Mobil
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.