Exxon Mobil (NYSE:XOM) Stock Price Up 1.1%

Exxon Mobil Co. (NYSE:XOM)’s share price rose 1.1% on Friday . The stock traded as high as $116.45 and last traded at $116.24. Approximately 18,482,055 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 17,651,866 shares. The stock had previously closed at $114.97.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XOM. TD Cowen raised shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a research report on Tuesday, January 23rd. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Piper Sandler lowered their price objective on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Erste Group Bank reaffirmed a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.18.

Exxon Mobil Price Performance

The stock’s 50 day moving average price is $105.34 and its two-hundred day moving average price is $105.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a market capitalization of $461.22 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 4.21 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the previous year, the company earned $3.40 earnings per share. Exxon Mobil’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.27%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently bought and sold shares of XOM. Axiom Financial Strategies LLC grew its holdings in shares of Exxon Mobil by 17.4% in the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc bought a new stake in shares of Exxon Mobil in the 1st quarter worth about $275,000. Loomis Sayles & Co. L P grew its holdings in shares of Exxon Mobil by 318.8% in the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 13,065 shares during the last quarter. Ergoteles LLC grew its holdings in shares of Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after purchasing an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth about $237,000. Institutional investors own 61.80% of the company’s stock.

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.