Exxon Mobil (NYSE:XOM) Stock Price Up 1.1% on Analyst Upgrade

Exxon Mobil Corporation (NYSE:XOMGet Free Report) shot up 1.1% during trading on Monday after Citigroup raised their price target on the stock from $118.00 to $150.00. Citigroup currently has a neutral rating on the stock. Exxon Mobil traded as high as $159.61 and last traded at $154.18. 31,371,376 shares changed hands during mid-day trading, an increase of 47% from the average session volume of 21,354,389 shares. The stock had previously closed at $152.50.

XOM has been the subject of several other reports. Zacks Research raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research note on Monday, December 29th. Mizuho set a $140.00 price objective on Exxon Mobil in a research note on Wednesday, February 4th. Barclays boosted their price objective on shares of Exxon Mobil from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Finally, BNP Paribas Exane cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 price target for the company. in a research note on Tuesday, February 3rd. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $143.41.

Read Our Latest Research Report on XOM

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 5,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the sale, the vice president directly owned 23,584 shares in the company, valued at $3,295,864. This represents a 17.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 16,380 shares of company stock worth $2,227,734. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil News Summary

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

Hedge Funds Weigh In On Exxon Mobil

Several large investors have recently bought and sold shares of XOM. Berbice Capital Management LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Exxon Mobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 187 shares in the last quarter. Key Capital Management INC purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $28,000. Finally, Westfuller Advisors LLC purchased a new position in shares of Exxon Mobil during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 1.7%

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The company has a market cap of $631.89 billion, a PE ratio of 22.67, a P/E/G ratio of 16.00 and a beta of 0.35. The firm has a 50-day simple moving average of $137.00 and a two-hundred day simple moving average of $122.42.

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

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. Exxon Mobil’s dividend payout ratio is currently 61.58%.

Exxon Mobil Company Profile

(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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