Exxon Mobil (NYSE:XOM) Stock Price 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 changed 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.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Mizuho lifted their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. HSBC lifted their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Truist Financial reissued a “hold” rating and set a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a research note on Friday, June 7th. Piper Sandler upped their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, Morgan Stanley reissued an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.71.

Exxon Mobil Trading Up 2.9 %

The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company has a market cap of $449.23 billion, a PE ratio of 13.95, a P/E/G ratio of 3.98 and a beta of 0.92. The company has a fifty day simple moving average of $115.70 and a two-hundred day simple moving average of $109.17.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the prior year, the firm earned $2.83 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 9.36 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared 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. This represents a $3.80 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, 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 filing with the SEC, which can be accessed through the SEC website. 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 company. Kayne Anderson Rudnick Investment Management LLC increased its stake in Exxon Mobil by 2.8% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 9,657 shares of the oil and gas company’s stock valued at $1,136,000 after purchasing an additional 265 shares during the period. Eagle Asset Management Inc. raised its stake in Exxon Mobil by 1.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 92,902 shares of the oil and gas company’s stock valued at $10,923,000 after acquiring an additional 1,102 shares during the last quarter. Oppenheimer & Close LLC acquired a new stake in Exxon Mobil during the 3rd quarter worth approximately $212,000. Operose Advisors LLC increased its holdings in shares of Exxon Mobil by 407.0% in the third quarter. Operose Advisors LLC now owns 4,568 shares of the oil and gas company’s stock valued at $537,000 after purchasing an additional 3,667 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Exxon Mobil by 0.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 377,809 shares of the oil and gas company’s stock worth $44,423,000 after purchasing an additional 2,620 shares during the last quarter. 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.