Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares rose 2% during trading on Tuesday . The company traded as high as $105.31 and last traded at $105.32. Approximately 4,227,817 shares traded hands during trading, a decline of 73% from the average daily volume of 15,693,289 shares. The stock had previously closed at $103.27.
Wall Street Analyst Weigh In
XOM has been the subject of a number of research analyst reports. Mizuho decreased their target price on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Morgan Stanley decreased 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 lifted their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a report on Monday, January 13th. Bernstein Bank lifted their price objective on Exxon Mobil from $138.00 to $144.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, 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. One 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. According to MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus price target of $125.85.
Get Our Latest Analysis on XOM
Exxon Mobil Stock Performance
The company's fifty day moving average price is $109.24 and its two-hundred day moving average price is $111.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market capitalization of $454.24 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.03. The company had revenue of $83.13 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $2.06 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 50.51%.
Hedge Funds Weigh In On Exxon Mobil
Institutional investors have recently added to or reduced their stakes in the company. West Oak Capital LLC lifted its stake in shares of Exxon Mobil by 0.6% in the 4th quarter. West Oak Capital LLC now owns 16,207 shares of the oil and gas company's stock valued at $1,743,000 after acquiring an additional 92 shares during the last quarter. Beacon Capital Management LLC boosted its position in Exxon Mobil by 1.1% during the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company's stock valued at $923,000 after buying an additional 93 shares during the period. Axis Wealth Partners LLC lifted its holdings in Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock worth $591,000 after buying an additional 93 shares during the period. Cadent Capital Advisors LLC boosted its holdings in Exxon Mobil by 0.3% in the fourth quarter. Cadent Capital Advisors LLC now owns 37,372 shares of the oil and gas company's stock valued at $4,020,000 after acquiring an additional 94 shares in the last quarter. Finally, Lincoln Capital LLC increased its position in shares of Exxon Mobil by 1.1% during the fourth quarter. Lincoln Capital LLC now owns 8,521 shares of the oil and gas company's stock valued at $917,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.
Exxon Mobil Company Profile
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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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