Exxon Mobil (NYSE:XOM) Shares Up 0.3% Following Analyst Upgrade

Exxon Mobil Co. (NYSE:XOM) shares shot up 0.3% during trading on Wednesday after UBS Group raised their price target on the stock from $150.00 to $152.00. UBS Group currently has a buy rating on the stock. Exxon Mobil traded as high as $116.95 and last traded at $116.47. 3,639,149 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 18,646,852 shares. The stock had previously closed at $116.17.

A number of other research firms also recently weighed in on XOM. Wells Fargo & Company upped their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Scotiabank boosted their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Piper Sandler raised their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. TD Cowen boosted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Finally, Redburn Atlantic raised Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.18.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the 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 transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is available 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 completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Carmel Capital Partners LLC lifted its holdings in shares of Exxon Mobil by 1.0% in the first quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock valued at $1,022,000 after purchasing an additional 86 shares in the last quarter. PFS Partners LLC lifted its stake in Exxon Mobil by 0.5% in the 1st quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after buying an additional 89 shares in the last quarter. Bay Rivers Group grew its holdings in Exxon Mobil by 2.5% during the 1st quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company’s stock valued at $436,000 after buying an additional 90 shares during the last quarter. Gilbert & Cook Inc. increased its position in Exxon Mobil by 0.4% during the first quarter. Gilbert & Cook Inc. now owns 25,564 shares of the oil and gas company’s stock worth $2,972,000 after buying an additional 91 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in shares of Exxon Mobil by 0.8% in the first quarter. Lindbrook Capital LLC now owns 11,205 shares of the oil and gas company’s stock worth $1,302,000 after acquiring an additional 93 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

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 market capitalization of $457.98 billion, a PE ratio of 14.23, a P/E/G ratio of 4.03 and a beta of 0.96. The company has a 50-day moving average price of $115.15 and a 200-day moving average price of $106.95.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter last year, the business posted $2.83 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Sell-side analysts forecast that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly 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. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

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.