Exxon Mobil (NYSE:XOM) Stock Price Up 0.1% – Still a Buy?

Exxon Mobil Co. (NYSE:XOM) shares shot up 0.1% on Friday . The company traded as high as $110.75 and last traded at $110.23. 2,648,608 shares changed hands during trading, a decline of 82% from the average session volume of 14,517,223 shares. The stock had previously closed at $110.15.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on XOM shares. Scotiabank reduced their target price on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Morgan Stanley lifted their target price on Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. Truist Financial upped their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Stock Performance

The company has a market capitalization of $483.08 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The firm has a fifty day simple moving average of $108.95 and a 200 day simple moving average of $114.23. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter last year, the firm posted $2.48 earnings per share. On average, analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.56%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds have recently modified their holdings of the business. Fiducient Advisors LLC lifted its position in Exxon Mobil by 224.2% during the third quarter. Fiducient Advisors LLC now owns 21,407 shares of the oil and gas company’s stock worth $2,509,000 after buying an additional 14,803 shares in the last quarter. Cornerstone Wealth Group LLC increased its stake in shares of Exxon Mobil by 1.0% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 82,500 shares of the oil and gas company’s stock worth $9,671,000 after acquiring an additional 791 shares during the last quarter. S.A. Mason LLC raised its holdings in shares of Exxon Mobil by 4.3% during the 3rd quarter. S.A. Mason LLC now owns 7,033 shares of the oil and gas company’s stock worth $824,000 after acquiring an additional 291 shares during the period. Voisard Asset Management Group Inc. boosted its position in shares of Exxon Mobil by 3.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 4,634 shares of the oil and gas company’s stock valued at $543,000 after acquiring an additional 147 shares during the last quarter. Finally, Catalyst Financial Partners LLC grew its holdings in shares of Exxon Mobil by 2.7% in the third quarter. Catalyst Financial Partners LLC now owns 27,947 shares of the oil and gas company’s stock valued at $3,276,000 after purchasing an additional 726 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

About Exxon Mobil

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.