Exxon Mobil (NYSE:XOM) Shares Up 0.4% – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM) shares traded up 0.4% on Tuesday . The stock traded as high as $117.64 and last traded at $116.21. 2,947,487 shares changed hands during trading, a decline of 80% from the average session volume of 14,959,556 shares. The stock had previously closed at $115.80.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. BMO Capital Markets reduced their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a report on Friday, January 31st. The Goldman Sachs Group lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Mizuho dropped their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Argus upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $129.15.

Exxon Mobil Trading Up 0.8 %

The company has a market cap of $506.47 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The business has a 50 day simple moving average of $110.22 and a two-hundred day simple moving average of $113.58.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Exxon Mobil

Hedge funds and other institutional investors have recently modified their holdings of the company. Rockline Wealth Management LLC raised its stake in shares of Exxon Mobil by 6.1% in the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock valued at $2,788,000 after acquiring an additional 1,498 shares during the period. Renasant Bank boosted its position in shares of Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company’s stock worth $1,115,000 after buying an additional 493 shares during the period. Helen Stephens Group LLC grew its stake in shares of Exxon Mobil by 7.3% in the fourth quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after buying an additional 2,825 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Exxon Mobil by 36.8% during the 3rd quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock valued at $2,945,000 after buying an additional 6,753 shares during the period. Finally, Hilltop Holdings Inc. lifted its position in Exxon Mobil by 41.3% during the 3rd quarter. Hilltop Holdings Inc. now owns 76,288 shares of the oil and gas company’s stock worth $8,942,000 after acquiring an additional 22,296 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

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.