Exxon Mobil (NYSE:XOM) Shares Up 1% - Here's Why

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price was up 1% during trading on Friday . The company traded as high as $107.43 and last traded at $107.13. Approximately 2,195,844 shares were traded during trading, a decline of 86% from the average daily volume of 15,553,580 shares. The stock had previously closed at $106.07.

Analysts Set New Price Targets

A number of equities research analysts have commented on XOM shares. Wells Fargo & Company decreased their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. The Goldman Sachs Group decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. UBS Group decreased their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Truist Financial increased their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Finally, HSBC decreased their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $125.85.

Exxon Mobil Stock Up 1.2%

The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a market cap of $464.45 billion, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The firm's 50 day moving average is $108.97 and its two-hundred day moving average is $111.09.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter in the previous year, the firm posted $2.06 earnings per share. The business's revenue was up .1% on a year-over-year basis. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of XOM. HBW Advisory Services LLC raised its holdings in shares of Exxon Mobil by 16.2% in the fourth quarter. HBW Advisory Services LLC now owns 3,324 shares of the oil and gas company's stock valued at $358,000 after purchasing an additional 464 shares during the last quarter. RMR Wealth Builders increased its holdings in Exxon Mobil by 3.1% during the fourth quarter. RMR Wealth Builders now owns 32,042 shares of the oil and gas company's stock worth $3,447,000 after buying an additional 960 shares during the last quarter. Czech National Bank increased its holdings in shares of Exxon Mobil by 5.3% in the fourth quarter. Czech National Bank now owns 952,944 shares of the oil and gas company's stock valued at $102,508,000 after purchasing an additional 47,893 shares during the last quarter. Aprio Wealth Management LLC increased its holdings in shares of Exxon Mobil by 30.1% in the fourth quarter. Aprio Wealth Management LLC now owns 13,708 shares of the oil and gas company's stock valued at $1,475,000 after purchasing an additional 3,173 shares during the last quarter. Finally, Matrix Trust Co grew its stake in shares of Exxon Mobil by 11.7% in the fourth quarter. Matrix Trust Co now owns 22,180 shares of the oil and gas company's stock valued at $2,386,000 after acquiring an additional 2,329 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Company Profile

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.