Exxon Mobil (NYSE:XOM) Shares Up 0.6%

Exxon Mobil Co. (NYSE:XOM)’s stock price traded up 0.6% on Thursday . The stock traded as high as $116.09 and last traded at $115.66. 2,753,891 shares traded hands during trading, a decline of 84% from the average session volume of 17,558,883 shares. The stock had previously closed at $115.01.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays decreased their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Piper Sandler increased their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. HSBC increased their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $134.78.

Exxon Mobil Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm has a market cap of $462.63 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 4.52 and a beta of 0.91. The firm has a fifty day simple moving average of $113.86 and a two-hundred day simple moving average of $111.44.

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 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 business had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period in the prior year, the business posted $2.83 EPS. Exxon Mobil’s revenue was down 4.0% compared to the same quarter last year. On average, analysts expect that Exxon Mobil Co. will post 8.65 EPS for the current year.

Insider Transactions at Exxon Mobil

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

Institutional Trading of Exxon Mobil

Institutional investors and hedge funds have recently made changes to their positions in the business. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil in the first quarter valued at approximately $25,000. First Pacific Financial acquired a new stake in shares of Exxon Mobil in the first quarter worth approximately $34,000. POM Investment Strategies LLC boosted its stake in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $46,000. Finally, Lynx Investment Advisory acquired a new stake in shares of Exxon Mobil in the second quarter worth approximately $47,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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.