Exxon Mobil (NYSE:XOM) Sets New 1-Year High – Should You Buy?

Exxon Mobil Corporation (NYSE:XOM)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $150.60 and last traded at $148.7420, with a volume of 928415 shares changing hands. The stock had previously closed at $149.05.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday, February 2nd. Bank of America increased their price objective on shares of Exxon Mobil from $129.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Mizuho set a $140.00 price objective on shares of Exxon Mobil in a research report on Wednesday. Zacks Research raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Barclays lifted their price target on Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $140.59.

Exxon Mobil Trading Up 0.1%

The company has a market cap of $629.42 billion, a P/E ratio of 22.33, a PEG ratio of 15.49 and a beta of 0.39. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $125.78 and a 200-day moving average price of $117.41.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The business had revenue of $82.31 billion for the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 earnings per share. Analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be issued a dividend of $1.03 per share. The ex-dividend date is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 11,000 shares of company stock worth $1,406,570 in the last three months. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XOM. Berbice Capital Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth about $26,000. Midwest Capital Advisors LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Exxon Mobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 187 shares during the period. Key Capital Management INC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $28,000. Finally, Westfuller Advisors LLC bought a new position in shares of Exxon Mobil during the third quarter worth approximately $30,000. 61.80% of the stock is 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.