Exxon Mobil (NYSE:XOM) Trading 1.2% Higher – What’s Next?

Shares of Exxon Mobil Corporation (NYSE:XOM) traded up 1.2% during trading on Monday . The company traded as high as $121.30 and last traded at $120.4880. 14,050,868 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 16,093,810 shares. The stock had previously closed at $119.11.

Analysts Set New Price Targets

XOM has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a report on Tuesday, December 9th. Mizuho boosted their price target on shares of Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Finally, Piper Sandler lifted their target price on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $129.45.

Exxon Mobil Trading Up 1.2%

The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $508.12 billion, a P/E ratio of 17.51, a price-to-earnings-growth ratio of 7.49 and a beta of 0.38. The business has a fifty day moving average price of $116.65 and a 200 day moving average price of $113.25.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. On average, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were given a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, November 14th. Exxon Mobil’s payout ratio is presently 59.88%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

A number of large investors have recently modified their holdings of the business. Eagle Capital Management LLC lifted its stake in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 376 shares during the last quarter. DRW Securities LLC lifted its stake in Exxon Mobil by 57.5% in the 1st quarter. DRW Securities LLC now owns 17,327 shares of the oil and gas company’s stock valued at $2,061,000 after purchasing an additional 6,325 shares during the last quarter. Saudi Central Bank bought a new position in Exxon Mobil during the first quarter worth about $206,000. Calton & Associates Inc. grew its holdings in Exxon Mobil by 104.9% during the first quarter. Calton & Associates Inc. now owns 14,059 shares of the oil and gas company’s stock worth $1,672,000 after purchasing an additional 7,197 shares during the period. Finally, Cura Wealth Advisors LLC increased its position in Exxon Mobil by 27.3% during the first quarter. Cura Wealth Advisors LLC now owns 3,146 shares of the oil and gas company’s stock worth $374,000 after buying an additional 675 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.