Exxon Mobil (NYSE:XOM) Trading 0.6% Higher

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price traded up 0.6% during mid-day trading on Thursday . The stock traded as high as $119.30 and last traded at $119.24. 3,143,560 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 18,503,783 shares. The stock had previously closed at $118.58.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. TD Cowen increased their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Tuesday, April 30th. Piper Sandler increased their price target on Exxon Mobil from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, April 18th. Scotiabank increased their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 11th. Mizuho increased their price target on Exxon Mobil from $125.00 to $128.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Truist Financial raised their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a "buy" rating in a research note on Friday, April 5th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $135.00.

Exxon Mobil Stock Performance

The firm has a market capitalization of $464.88 billion, a PE ratio of 14.45, a P/E/G ratio of 4.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The firm has a fifty day moving average price of $116.86 and a 200 day moving average price of $107.45.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to analysts' expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm's revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.83 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 9.57 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil's dividend payout ratio is currently 46.57%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the 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 sale, the vice president now directly owns 30,189 shares of the company's stock, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, VP Darrin L. Talley sold 2,400 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company's stock, valued at approximately $3,169,845. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the firm's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares of the company's stock, valued at $3,018,450.63. The disclosure for this sale can be found here. Company insiders own 0.03% of the company's stock.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds and other institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC increased its holdings in shares of Exxon Mobil by 10.7% during the 4th quarter. Root Financial Partners LLC now owns 2,054 shares of the oil and gas company's stock valued at $205,000 after acquiring an additional 199 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Exxon Mobil by 83.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,030 shares of the oil and gas company's stock valued at $149,213,000 after acquiring an additional 575,649 shares during the last quarter. Qsemble Capital Management LP increased its holdings in shares of Exxon Mobil by 34.3% during the 3rd quarter. Qsemble Capital Management LP now owns 4,700 shares of the oil and gas company's stock valued at $553,000 after acquiring an additional 1,200 shares during the last quarter. RNC Capital Management LLC increased its holdings in shares of Exxon Mobil by 5.5% during the 4th quarter. RNC Capital Management LLC now owns 87,926 shares of the oil and gas company's stock valued at $8,791,000 after acquiring an additional 4,585 shares during the last quarter. Finally, Dupree Financial Group LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at about $378,000. 61.80% of the stock is 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.