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

Exxon Mobil Co. (NYSE:XOMGet Free Report)’s share price rose 1.5% on Tuesday after TD Cowen raised their price target on the stock from $115.00 to $120.00. TD Cowen currently has a buy rating on the stock. Exxon Mobil traded as high as $119.60 and last traded at $118.70. Approximately 6,574,398 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 18,213,760 shares. The stock had previously closed at $116.99.

XOM has been the subject of a number of other reports. Piper Sandler reduced their price objective on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. JPMorgan Chase & Co. reduced their price target on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a research report on Friday, December 8th. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Redburn Atlantic upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the company from $116.00 to $119.00 in a research report on Tuesday, January 9th. Finally, Mizuho boosted their price target on shares of Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.47.

Get Our Latest Research Report on Exxon Mobil

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were 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 in the company, valued at $3,169,845. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is owned by company insiders.

Institutional Trading of Exxon Mobil

Several hedge funds have recently added to or reduced their stakes in XOM. Axiom Financial Strategies LLC lifted its stake in Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc bought a new stake in Exxon Mobil in the first quarter worth $275,000. Loomis Sayles & Co. L P lifted its stake in Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 13,065 shares during the last quarter. Ergoteles LLC raised its stake in shares of Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after acquiring an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC bought a new position in shares of Exxon Mobil during the first quarter valued at about $237,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 2.0 %

The stock has a market capitalization of $473.44 billion, a P/E ratio of 13.42, a P/E/G ratio of 4.26 and a beta of 0.96. The firm’s 50 day moving average price is $106.51 and its 200 day moving average price is $105.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, beating the consensus estimate of $2.20 by $0.28. The firm had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.40 earnings per share. As a group, equities research analysts expect that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

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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