Exxon Mobil (NYSE:XOM) Trading 1.2% Higher Following Analyst Upgrade

Exxon Mobil Co. (NYSE:XOM) shares traded up 1.2% during trading on Friday after UBS Group raised their price target on the stock from $133.00 to $150.00. UBS Group currently has a buy rating on the stock. Exxon Mobil traded as high as $123.75 and last traded at $123.30. 5,294,091 shares changed hands during trading, a decline of 71% from the average session volume of 18,168,402 shares. The stock had previously closed at $121.79.

A number of other research analysts have also issued reports on XOM. Truist Financial lifted their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a “buy” rating in a report on Friday, April 5th. Barclays initiated coverage on Exxon Mobil in a report on Wednesday. They issued an “overweight” rating and a $147.00 target price for the company. Scotiabank lifted their target price on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday. Mizuho reiterated a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a report on Thursday, April 4th. Finally, Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $131.44.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

A number of institutional investors have recently added to or reduced their stakes in the business. KB Financial Partners LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $27,000. Clarity Asset Management Inc. acquired a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $34,000. IMA Wealth Inc. grew its holdings in shares of Exxon Mobil by 720.0% in the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 324 shares during the period. FWL Investment Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $43,000. Finally, Partnership Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Down 1.2 %

The business has a fifty day simple moving average of $109.87 and a 200 day simple moving average of $106.29. The stock has a market cap of $477.61 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 4.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The company had revenue of $84.34 billion for the quarter, compared to analyst estimates of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.40 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 9.54 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

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.