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

Exxon Mobil Co. (NYSE:XOM)’s stock price rose 1% on Monday following a dividend announcement from the company. The company traded as high as $120.05 and last traded at $119.13. Approximately 5,969,209 shares traded hands during mid-day trading, a decline of 67% from the average daily 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 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 is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group raised their target price on Exxon Mobil from $133.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Wells Fargo & Company raised their target price on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Truist Financial raised 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. Piper Sandler raised their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Finally, Barclays assumed coverage on Exxon Mobil in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.28.

Exxon Mobil Trading Up 1.4 %

The stock has a market cap of $473.53 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 4.05 and a beta of 0.96. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average of $113.65 and a 200-day moving average of $106.73.

Exxon Mobil (NYSE:XOM) last posted 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). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter last year, the business earned $2.83 earnings per share. Exxon Mobil’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, research analysts forecast that Exxon Mobil Co. will post 9.7 earnings per share for the current year.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil 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 transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors have recently bought and sold shares of the stock. Boyd Watterson Asset Management LLC OH increased its stake in shares of Exxon Mobil by 1.2% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 44,952 shares of the oil and gas company’s stock worth $5,225,000 after purchasing an additional 523 shares during the period. Greenleaf Trust increased its stake in shares of Exxon Mobil by 3.4% in the first quarter. Greenleaf Trust now owns 85,260 shares of the oil and gas company’s stock worth $9,911,000 after purchasing an additional 2,823 shares during the period. Principal Financial Group Inc. increased its stake in shares of Exxon Mobil by 4.5% in the first quarter. Principal Financial Group Inc. now owns 5,719,339 shares of the oil and gas company’s stock worth $664,816,000 after purchasing an additional 246,571 shares during the period. Crew Capital Management Ltd. increased its stake in shares of Exxon Mobil by 8.1% in the first quarter. Crew Capital Management Ltd. now owns 8,254 shares of the oil and gas company’s stock worth $959,000 after purchasing an additional 617 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Exxon Mobil by 0.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 430,225 shares of the oil and gas company’s stock worth $50,009,000 after purchasing an additional 2,845 shares during the period. 61.80% of the stock is currently owned by 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.