Exxon Mobil (NYSE:XOM) Trading 1.2% Higher – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM) traded up 1.2% during mid-day trading on Thursday . The stock traded as high as $111.14 and last traded at $110.79. 2,683,196 shares changed hands during trading, a decline of 81% from the average session volume of 14,495,159 shares. The stock had previously closed at $109.53.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on XOM shares. The Goldman Sachs Group lifted their price target on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a research report on Thursday, December 12th. Mizuho reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Piper Sandler lowered their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.84.

Exxon Mobil Trading Down 1.4 %

The stock has a market cap of $477.48 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 2.86 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company’s fifty day moving average price is $111.56 and its 200-day moving average price is $115.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period last year, the business posted $2.27 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 7.77 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.65%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently added to or reduced their stakes in XOM. AXA S.A. lifted its holdings in Exxon Mobil by 18.5% during the second quarter. AXA S.A. now owns 130,996 shares of the oil and gas company’s stock valued at $15,080,000 after purchasing an additional 20,475 shares in the last quarter. MBB Public Markets I LLC boosted its holdings in Exxon Mobil by 2,165.3% in the 2nd quarter. MBB Public Markets I LLC now owns 318,744 shares of the oil and gas company’s stock worth $36,694,000 after buying an additional 304,673 shares during the last quarter. Marathon Capital Management increased its stake in Exxon Mobil by 4.2% during the 2nd quarter. Marathon Capital Management now owns 10,007 shares of the oil and gas company’s stock worth $1,152,000 after buying an additional 400 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Exxon Mobil by 18.6% during the second quarter. The Manufacturers Life Insurance Company now owns 3,792,336 shares of the oil and gas company’s stock valued at $436,574,000 after acquiring an additional 593,729 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Exxon Mobil by 120.3% in the second quarter. Mackenzie Financial Corp now owns 2,943,754 shares of the oil and gas company’s stock valued at $338,885,000 after acquiring an additional 1,607,663 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

About Exxon Mobil

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.