Exxon Mobil (NYSE:XOM) Trading 0.4% Higher – Still a Buy?

Exxon Mobil Co. (NYSE:XOM)’s stock price shot up 0.4% on Thursday . The stock traded as high as $118.86 and last traded at $118.75. 2,220,442 shares were traded during mid-day trading, a decline of 85% from the average session volume of 14,900,926 shares. The stock had previously closed at $118.27.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Mizuho decreased their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. HSBC lowered their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Piper Sandler cut their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, Barclays lowered their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $129.15.

Exxon Mobil Stock Up 0.1 %

The firm has a market cap of $513.54 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. The company has a 50-day simple moving average of $110.49 and a 200-day simple moving average of $113.64. 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 earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 business posted $2.48 earnings per share. Analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.35%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds have recently made changes to their positions in the company. 10Elms LLP bought a new position in Exxon Mobil during the 4th quarter worth about $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $32,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the fourth quarter worth $36,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil during the 4th quarter valued at $46,000. 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.