Exxon Mobil (NYSE:XOM) Trading 1.8% Higher After Analyst Upgrade

Shares of Exxon Mobil Corporation (NYSE:XOMGet Free Report) traded up 1.8% during mid-day trading on Friday after Piper Sandler raised their price target on the stock from $145.00 to $186.00. Piper Sandler currently has an overweight rating on the stock. Exxon Mobil traded as high as $156.89 and last traded at $156.2850. 22,364,220 shares traded hands during trading, an increase of 5% from the average session volume of 21,398,350 shares. The stock had previously closed at $153.53.

Other analysts have also issued research reports about the company. Loop Capital set a $123.00 target price on Exxon Mobil in a report on Tuesday, February 3rd. UBS Group reiterated a “buy” rating and issued a $171.00 price target on shares of Exxon Mobil in a report on Monday, February 2nd. Citigroup boosted their price target on Exxon Mobil from $118.00 to $150.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. TD Cowen raised their price objective on Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Finally, BNP Paribas Exane lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $125.00 target price on the stock. in a research note on Tuesday, February 3rd. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $146.00.

Check Out Our Latest Stock Analysis on XOM

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares of the company’s stock, valued at $3,295,864. This trade represents a 17.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 16,380 shares of company stock valued at $2,227,734. Company insiders own 0.03% of the company’s stock.

More Exxon Mobil News

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lane Brothers & Co. Inc. acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $324,000. Fund Advisors of America Inc FL acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $1,481,000. Demming Financial Services Corp ADV acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $415,000. Vericrest Private Wealth purchased a new position in Exxon Mobil in the 4th quarter worth $361,000. Finally, Winthrop Partners WNY LLC acquired a new stake in Exxon Mobil during the 4th quarter worth about $285,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.8%

The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $141.99 and a 200 day simple moving average of $124.68. The company has a market cap of $651.20 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 1.28 and a beta of 0.35.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date was Thursday, February 12th. Exxon Mobil’s dividend payout ratio is 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.

Further Reading

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