Exxon Mobil (NYSE:XOM) Stock Price Up 2.7% – What’s Next?
by Teresa Graham · The Cerbat GemExxon Mobil Corporation (NYSE:XOM – Get Free Report)’s stock price traded up 2.7% during mid-day trading on Wednesday . The stock traded as high as $156.93 and last traded at $155.67. 22,878,437 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 21,234,041 shares. The stock had previously closed at $151.59.
Analyst Ratings Changes
A number of analysts have commented on XOM shares. Citigroup upped their target price on shares of Exxon Mobil from $115.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Zacks Research upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Loop Capital set a $123.00 target price on shares of Exxon Mobil in a research note on Tuesday, February 3rd. Sanford C. Bernstein reduced their price objective on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Finally, TD Cowen increased their target price on Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $140.59.
Check Out Our Latest Research Report on Exxon Mobil
Exxon Mobil Price Performance
The stock has a 50 day moving average of $127.20 and a 200-day moving average of $117.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The company has a market cap of $656.49 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 15.73 and a beta of 0.39.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The business had revenue of $82.31 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same period in the previous year, the business posted $1.67 EPS. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is currently 61.58%.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares in the company, valued at approximately $3,295,864. This represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 14,230 shares of company stock worth $1,888,421 over the last quarter. 0.03% of the stock is owned by insiders.
Hedge Funds Weigh In On Exxon Mobil
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Exxon Mobil by 0.3% during the second quarter. Vanguard Group Inc. now owns 431,058,875 shares of the oil and gas company’s stock worth $46,468,147,000 after buying an additional 1,111,231 shares during the period. Geode Capital Management LLC increased its stake in Exxon Mobil by 0.4% in the second quarter. Geode Capital Management LLC now owns 96,307,931 shares of the oil and gas company’s stock valued at $10,345,132,000 after purchasing an additional 342,967 shares during the last quarter. Norges Bank acquired a new position in Exxon Mobil in the fourth quarter valued at $7,625,063,000. Bank of New York Mellon Corp increased its position in shares of Exxon Mobil by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock worth $5,608,488,000 after acquiring an additional 531,362 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Exxon Mobil by 1.0% during the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after acquiring an additional 445,283 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
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.