Exxon Mobil (NYSE:XOM) Shares Up 1.5% on Analyst Upgrade

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price was up 1.5% during mid-day trading on Friday 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 $120.93 and last traded at $120.34. Approximately 6,548,507 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 18,067,561 shares. The stock had previously closed at $118.52.

Other equities research analysts have also issued reports about the company. TD Cowen raised their price target on Exxon Mobil from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, April 1st. UBS Group raised their price target on Exxon Mobil from $133.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, April 11th. Truist Financial lifted their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Mizuho reaffirmed a "neutral" rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Thursday, April 4th. Finally, Royal Bank of Canada reaffirmed 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 equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and an average price target of $132.28.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the company'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 owns 30,189 shares of the company's stock, valued at approximately $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Exxon Mobil

Several large investors have recently bought and sold shares of the company. Veracity Capital LLC increased its stake in Exxon Mobil by 14.6% during the 1st quarter. Veracity Capital LLC now owns 4,883 shares of the oil and gas company's stock worth $568,000 after buying an additional 623 shares in the last quarter. Willis Johnson & Associates Inc. increased its stake in Exxon Mobil by 5.5% during the 1st quarter. Willis Johnson & Associates Inc. now owns 82,915 shares of the oil and gas company's stock worth $9,638,000 after buying an additional 4,325 shares in the last quarter. Whelan Financial purchased a new stake in Exxon Mobil during the 1st quarter worth approximately $207,000. American National Bank & Trust Co. VA purchased a new stake in Exxon Mobil during the 1st quarter worth approximately $2,168,000. Finally, FCG Investment Co increased its stake in Exxon Mobil by 11.4% during the 1st quarter. FCG Investment Co now owns 27,367 shares of the oil and gas company's stock worth $3,181,000 after buying an additional 2,792 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 1.2 %

The company has a 50 day simple moving average of $111.55 and a 200 day simple moving average of $106.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The company has a market capitalization of $474.60 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 4.08 and a beta of 0.96.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. Exxon Mobil's dividend payout ratio (DPR) is presently 42.74%.

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.