Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) traded up 1.6% during trading on Tuesday . The stock traded as high as $114.52 and last traded at $114.30. 4,926,514 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 15,679,485 shares. The stock had previously closed at $112.48.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Piper Sandler downgraded shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. UBS Group cut their price objective on shares of Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank cut their price objective on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Mizuho lowered their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of "Moderate Buy" and a consensus price target of $125.50.
View Our Latest Stock Analysis on Exxon Mobil
Exxon Mobil Stock Performance
The stock has a market capitalization of $494.67 billion, a PE ratio of 14.62, a P/E/G ratio of 3.02 and a beta of 0.49. 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 50 day moving average of $105.75 and a 200-day moving average of $108.62.
Exxon Mobil (NYSE:XOM - Get Free Report) last released its 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. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. During the same period last year, the business earned $2.06 earnings per share. The firm's revenue for the quarter was up .1% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Co. will post 7.43 earnings per share for the current year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.
Hedge Funds Weigh In On Exxon Mobil
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $6,936,737,000. Nuveen LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $2,730,414,000. GQG Partners LLC raised its holdings in Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock valued at $1,197,753,000 after acquiring an additional 10,004,975 shares during the period. GAMMA Investing LLC increased its position in shares of Exxon Mobil by 14,242.7% during the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after buying an additional 9,391,614 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings 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 valued at $4,731,263,000 after purchasing an additional 5,538,694 shares during the period. 61.80% of the stock is owned by institutional investors.
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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