Exxon Mobil (NYSE:XOM) Trading Up 1% Following Dividend Announcement

Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares traded up 1% on Monday following a dividend announcement from the company. The company traded as high as $120.05 and last traded at $119.13. 5,969,209 shares were traded during trading, a decline of 67% from the average session volume of 18,049,824 shares. The stock had previously closed at $117.96.

The newly announced dividend which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. Exxon Mobil's payout ratio is 46.57%.

Analyst Ratings Changes

Several brokerages recently issued reports on XOM. Truist Financial boosted their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a "buy" rating in a report on Friday, April 5th. Barclays assumed coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They issued an "overweight" rating and a $147.00 target price on the stock. TD Cowen raised their target price on shares of Exxon Mobil from $115.00 to $120.00 and gave the company a "buy" rating in a report on Monday, April 1st. Scotiabank raised their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a report on Thursday, April 11th. Finally, UBS Group increased their price target on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, April 11th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average target price of $132.28.

Exxon Mobil Stock Performance

The stock has a market capitalization of $473.53 billion, a P/E ratio of 14.66, a P/E/G ratio of 4.05 and a beta of 0.96. The stock has a 50 day moving average of $113.65 and a 200 day moving average of $106.73. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.83 EPS. Equities analysts predict that Exxon Mobil Co. will post 9.7 EPS for the current year.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, 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 this link. 0.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors have recently bought and sold shares of XOM. Norges Bank acquired a new position in Exxon Mobil in the fourth quarter valued at about $5,519,753,000. Global Assets Advisory LLC increased its position in Exxon Mobil by 16,399.4% during the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company's stock worth $1,466,589,000 after buying an additional 12,540,435 shares during the last quarter. Fisher Asset Management LLC increased its position in Exxon Mobil by 566.2% during the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company's stock worth $1,319,507,000 after buying an additional 11,216,602 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Exxon Mobil by 10,221.0% in the fourth quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company's stock valued at $491,678,000 after purchasing an additional 4,870,115 shares during the last quarter. Finally, FMR LLC grew its position in shares of Exxon Mobil by 3.0% in the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company's stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

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.