ExxonMobil (NYSE:XOM) Trading 1% Higher – What’s Next?

ExxonMobil Corporation (NYSE:XOM)’s stock price traded up 1% during mid-day trading on Friday . The stock traded as high as $138.97 and last traded at $138.8370. Approximately 9,221,459 shares traded hands during trading, a decline of 54% from the average session volume of 20,177,932 shares. The stock had previously closed at $137.46.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil updated its Q2 earnings outlook and analysts noted stronger quarter-over-quarter performance across its major business segments, with higher crude prices and wider margins expected to support results. Strong Commodity Tailwinds Poised to Boost XOM’s Q2 Results
• Positive Sentiment: ExxonMobil and partners committed $1 billion to the Usan Infill Project in Nigeria, which could add about 40,000 barrels per day of production and support longer-term output growth. ExxonMobil to invest $1 billion in Nigeria’s oilfield, regulator says
• Neutral Sentiment: Mizuho lowered its price target on ExxonMobil to $170 from $175 while keeping a neutral rating, signaling some caution but still implying upside from current levels. ExxonMobil (NYSE:XOM) Price Target Lowered to $170.00 at Mizuho
• Neutral Sentiment: Commentary on ExxonMobil’s earnings says the stock still looks reasonable on fundamentals, but some analysts think it may be stretched after a large multiyear run-up, which could limit near-term enthusiasm. ExxonMobil (XOM) Stock Looks Reasonable On Earnings But Stretched After 180% Run
• Negative Sentiment: One market update noted XOM fell despite a generally stronger market session, reflecting pressure from falling crude prices and a risk-off shift away from energy names. Exxon Mobil Holdings (XOM) Stock Falls Amid Market Uptick: What Investors Need to Know

Analysts Set New Price Targets

Several brokerages have recently weighed in on XOM. Barclays lifted their price target on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Sanford C. Bernstein cut their target price on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Mizuho reduced their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Finally, BNP Paribas Exane set a $165.00 price target on shares of ExxonMobil and gave the stock a “neutral” rating in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $164.45.

ExxonMobil Stock Up 1.0%

The company has a market cap of $575.47 billion, a PE ratio of 23.41, a P/E/G ratio of 0.61 and a beta of 0.17. The stock has a 50-day moving average of $146.53 and a 200-day moving average of $145.43. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same period in the previous year, the business earned $1.76 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. Sell-side analysts predict that ExxonMobil Corporation will post 11.64 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

Institutional Investors Weigh In On ExxonMobil

Institutional investors have recently made changes to their positions in the business. Capital Investment Advisors LLC lifted its holdings in ExxonMobil by 6.6% during the 4th quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock valued at $27,857,000 after buying an additional 14,233 shares in the last quarter. Roberts Capital Advisors LLC purchased a new stake in ExxonMobil in the 3rd quarter valued at about $1,240,000. Sanctuary Advisors LLC grew its stake in ExxonMobil by 2.3% in the 4th quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock worth $126,166,000 after acquiring an additional 23,668 shares in the last quarter. Clear Trail Advisors LLC bought a new position in ExxonMobil in the 4th quarter worth about $28,728,000. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of ExxonMobil during the third quarter worth approximately $67,907,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Company Profile

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.