Exxon Mobil (NYSE:XOM) Reaches New 52-Week High on Analyst Upgrade

Exxon Mobil Corporation (NYSE:XOMGet Free Report) reached a new 52-week high on Monday after Morgan Stanley raised their price target on the stock from $134.00 to $172.00. Morgan Stanley currently has an overweight rating on the stock. Exxon Mobil traded as high as $172.47 and last traded at $176.1240, with a volume of 684793 shares. The stock had previously closed at $170.99.

A number of other analysts have also recently commented on the company. Zacks Research upgraded Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Wells Fargo & Company decreased their target price on Exxon Mobil from $158.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, February 2nd. Jefferies Financial Group lifted their price target on shares of Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. UBS Group reissued a “buy” rating and issued a $171.00 price target on shares of Exxon Mobil in a report on Monday, February 2nd. Finally, Royal Bank Of Canada upped their price objective on shares of Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $151.00.

Check Out Our Latest Research Report on XOM

Insider Activity

In related news, VP Darrin L. Talley sold 1,080 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares in the company, valued at approximately $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 11,460 shares of company stock valued at $1,687,854 over the last quarter. Insiders own 0.03% of the company’s stock.

Exxon Mobil News Roundup

Here are the key news stories impacting Exxon Mobil this week:

Institutional Investors Weigh In On Exxon Mobil

Large investors have recently modified their holdings of the business. Eagle Capital Management LLC lifted its position in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Exxon Mobil in the 1st quarter worth $305,000. Sivia Capital Partners LLC raised its holdings in shares of Exxon Mobil by 1.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after acquiring an additional 207 shares during the period. United Bank boosted its position in shares of Exxon Mobil by 2.8% during the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after acquiring an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its position in shares of Exxon Mobil by 17.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock valued at $3,957,000 after acquiring an additional 5,443 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

The stock has a market cap of $714.10 billion, a PE ratio of 25.62, a price-to-earnings-growth ratio of 1.27 and a beta of 0.35. The stock’s fifty day moving average is $150.14 and its 200-day moving average is $128.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the previous year, the firm earned $1.67 earnings per share. Exxon Mobil’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were issued a $1.03 dividend. The ex-dividend date was Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.4%. Exxon Mobil’s dividend payout ratio is currently 61.58%.

About Exxon Mobil

(Get Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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