Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares were up 1.9% during mid-day trading on Monday . The company traded as high as $110.44 and last traded at $109.37. Approximately 3,898,497 shares were traded during trading, a decline of 75% from the average daily volume of 15,541,977 shares. The stock had previously closed at $107.31.
Analyst Ratings Changes
A number of analysts recently issued reports on XOM shares. Wells Fargo & Company dropped their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Truist Financial increased their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Scotiabank lowered their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Finally, Mizuho lowered their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $125.85.
Read Our Latest Report on Exxon Mobil
Exxon Mobil Price Performance
The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a 50 day simple moving average of $108.97 and a 200-day simple moving average of $111.09. The stock has a market cap of $471.61 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 3.02 and a beta of 0.51.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to analyst estimates of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. Exxon Mobil's revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $2.06 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Thursday, May 15th. Exxon Mobil's payout ratio is currently 52.52%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new stake in Exxon Mobil during the 4th quarter worth about $6,936,737,000. GAMMA Investing LLC lifted its stake in Exxon Mobil by 14,242.7% in the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after acquiring an additional 9,391,614 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Exxon Mobil by 14.4% in the 4th quarter. Bank of New York Mellon Corp now owns 43,983,110 shares of the oil and gas company's stock worth $4,731,263,000 after acquiring an additional 5,538,694 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Exxon Mobil by 1,524.1% in the 4th quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company's stock worth $585,818,000 after acquiring an additional 5,110,603 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Exxon Mobil by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 35,662,602 shares of the oil and gas company's stock worth $3,836,226,000 after acquiring an additional 4,140,046 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Company Profile
(
Get Free Report)
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.
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