ExxonMobil (NYSE:XOM) Stock Price Up 3.4% – Here’s What Happened

ExxonMobil Corporation (NYSE:XOM)’s share price was up 3.4% on Monday . The company traded as high as $149.72 and last traded at $149.4380. Approximately 14,312,932 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 21,487,887 shares. The stock had previously closed at $144.57.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. Jefferies Financial Group boosted their price target on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Sanford C. Bernstein reduced their price target on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of ExxonMobil in a research note on Friday, April 10th. HSBC boosted their target price on ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research report on Friday, March 20th. Finally, Loop Capital set a $123.00 target price on ExxonMobil in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $163.95.

ExxonMobil Stock Performance

The company has a 50-day moving average of $155.04 and a 200 day moving average of $136.06. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $619.41 billion, a PE ratio of 25.20, a PEG ratio of 0.63 and a beta of 0.19.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same period in the previous year, the firm posted $1.76 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts predict that ExxonMobil Corporation will post 11.45 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.

Insider Activity

In other news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares of the company’s stock, valued at approximately $2,662,782. The trade was a 5.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Institutional Trading of ExxonMobil

Hedge funds have recently made changes to their positions in the stock. Berbice Capital Management LLC bought a new stake in shares of ExxonMobil during the 4th quarter worth $26,000. Midwest Capital Advisors LLC bought a new stake in ExxonMobil in the fourth quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in ExxonMobil by 456.1% in 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 purchasing an additional 187 shares during the last quarter. Key Capital Management INC bought a new stake in ExxonMobil in the fourth quarter worth $28,000. Finally, Westfuller Advisors LLC bought a new stake in ExxonMobil in the third quarter worth $30,000. 61.80% of the stock is owned by institutional investors.

About ExxonMobil

ExxonMobil 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.