Exxon Mobil (NYSE:XOM) Stock Price Up 0.4% Following Analyst Upgrade

Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares rose 0.4% during mid-day trading on Thursday after Piper Sandler raised their price target on the stock from $130.00 to $145.00. Piper Sandler currently has an overweight rating on the stock. Exxon Mobil traded as high as $119.72 and last traded at $119.10. Approximately 3,385,660 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 18,095,918 shares. The stock had previously closed at $118.63.

A number of other research firms also recently weighed in on XOM. Redburn Atlantic upgraded Exxon Mobil from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. TD Cowen boosted their target price on Exxon Mobil from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. Truist Financial boosted their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Scotiabank boosted their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $132.28.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares of the company's stock, valued at $3,169,845. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Plimoth Trust Co. LLC boosted its position in shares of Exxon Mobil by 32.9% during the first quarter. Plimoth Trust Co. LLC now owns 39,172 shares of the oil and gas company's stock worth $4,553,000 after buying an additional 9,702 shares during the period. Naviter Wealth LLC boosted its position in shares of Exxon Mobil by 2.6% during the first quarter. Naviter Wealth LLC now owns 142,781 shares of the oil and gas company's stock worth $16,597,000 after buying an additional 3,647 shares during the period. West Oak Capital LLC boosted its position in shares of Exxon Mobil by 1.8% during the first quarter. West Oak Capital LLC now owns 16,230 shares of the oil and gas company's stock worth $1,887,000 after buying an additional 280 shares during the period. Capital Advisors Ltd. LLC raised its holdings in Exxon Mobil by 10.5% during the first quarter. Capital Advisors Ltd. LLC now owns 6,039 shares of the oil and gas company's stock worth $702,000 after acquiring an additional 572 shares in the last quarter. Finally, Woodmont Investment Counsel LLC raised its holdings in Exxon Mobil by 0.7% during the first quarter. Woodmont Investment Counsel LLC now owns 48,433 shares of the oil and gas company's stock worth $5,630,000 after acquiring an additional 337 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 0.1 %

The firm has a market cap of $468.90 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 4.08 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average of $111.18 and a 200-day moving average of $106.30.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. During the same quarter in the prior year, the company posted $3.40 earnings per share. Exxon Mobil's revenue was down 11.6% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.21%. Exxon Mobil's payout ratio is presently 42.74%.

About Exxon Mobil

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.