Exxon Mobil (NYSE:XOM) Trading 0.6% Higher - Time to Buy?

Exxon Mobil Co. (NYSE:XOM - Get Free Report) was up 0.6% on Thursday . The company traded as high as $108.23 and last traded at $108.01. Approximately 2,098,303 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 15,903,665 shares. The stock had previously closed at $107.37.

Analysts Set New Price Targets

XOM has been the topic of several recent analyst reports. Scotiabank lowered their price target on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group dropped their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Morgan Stanley cut their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating for the company in a research note on Thursday, March 27th. UBS Group dropped their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Barclays reduced their target price on Exxon Mobil from $135.00 to $130.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $126.50.

Exxon Mobil Stock Up 0.1 %

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 cap of $469.90 billion, a PE ratio of 13.86, a PEG ratio of 3.02 and a beta of 0.61. The company's 50-day simple moving average is $109.75 and its two-hundred day simple moving average is $112.13.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter in the prior year, the business posted $2.48 EPS. On average, analysts predict that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.65%. Exxon Mobil's payout ratio is 50.51%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company's stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company's stock.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently bought and sold shares of the stock. 10Elms LLP purchased a new position in shares of Exxon Mobil during the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $32,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil during the 4th quarter valued at approximately $36,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $46,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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.