Exxon Mobil (NYSE:XOM) Stock Price Up 1.1% - Here's What Happened

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) rose 1.1% during mid-day trading on Thursday . The stock traded as high as $106.64 and last traded at $105.74. Approximately 4,254,453 shares were traded during trading, a decline of 73% from the average daily volume of 15,560,404 shares. The stock had previously closed at $104.61.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays cut their target price on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating for the company in a research note on Monday. Royal Bank of Canada lowered their target price on Exxon Mobil from $115.00 to $105.00 and set a "sector perform" rating for the company in a research note on Monday. HSBC dropped their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. BMO Capital Markets lowered their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating on the stock in a research note on Friday, January 31st. Finally, Scotiabank reduced their price target on 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. One research analyst has rated the stock with a sell rating, eight have assigned 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, Exxon Mobil presently has an average rating of "Moderate Buy" and a consensus price target of $125.85.

Exxon Mobil Stock 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 business has a 50 day moving average price of $109.00 and a 200 day moving average price of $111.40. The stock has a market cap of $458.91 billion, a P/E ratio of 13.53, a PEG ratio of 3.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. Exxon Mobil's revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.06 earnings per share. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.73%. Exxon Mobil's payout ratio is presently 52.52%.

Hedge Funds Weigh In On Exxon Mobil

Large investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its stake in shares of Exxon Mobil by 8.4% during the third quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company's stock worth $786,453,000 after acquiring an additional 521,932 shares during the last quarter. Innova Wealth Partners acquired a new position in Exxon Mobil during the 4th quarter valued at approximately $807,000. Collective Family Office LLC raised its holdings in shares of Exxon Mobil by 6.7% in the fourth quarter. Collective Family Office LLC now owns 2,296 shares of the oil and gas company's stock worth $247,000 after buying an additional 144 shares during the last quarter. Worth Asset Management LLC lifted its stake in shares of Exxon Mobil by 3.1% during the fourth quarter. Worth Asset Management LLC now owns 5,748 shares of the oil and gas company's stock worth $618,000 after buying an additional 174 shares during the period. Finally, Fulton Bank N.A. grew its holdings in shares of Exxon Mobil by 20.7% during the fourth quarter. Fulton Bank N.A. now owns 54,975 shares of the oil and gas company's stock valued at $5,914,000 after buying an additional 9,429 shares during 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.

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