Exxon Mobil (NYSE:XOM) Stock Price Up 1.5% – Time to Buy?

Exxon Mobil Co. (NYSE:XOM) shares rose 1.5% during mid-day trading on Wednesday . The stock traded as high as $105.07 and last traded at $104.65. Approximately 2,556,899 shares were traded during trading, a decline of 84% from the average daily volume of 15,931,562 shares. The stock had previously closed at $103.10.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent research reports. UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research report on Monday. Scotiabank lowered their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. BMO Capital Markets cut their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday, January 31st. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Piper Sandler reduced their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $126.75.

Exxon Mobil Trading Up 2.5 %

The stock’s fifty day simple moving average is $109.92 and its two-hundred day simple moving average is $112.90. The firm has a market cap of $462.12 billion, a PE ratio of 13.63, a PEG ratio of 3.02 and a beta of 0.61. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the firm posted $2.48 EPS. On average, sell-side analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.71%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds have recently bought and sold shares of XOM. Bell Bank raised its holdings in shares of Exxon Mobil by 3.7% during the first quarter. Bell Bank now owns 86,417 shares of the oil and gas company’s stock valued at $10,278,000 after purchasing an additional 3,096 shares during the last quarter. Rakuten Securities Inc. boosted its stake in shares of Exxon Mobil by 28.9% in the 1st quarter. Rakuten Securities Inc. now owns 1,672 shares of the oil and gas company’s stock worth $199,000 after buying an additional 375 shares during the last quarter. Insigneo Advisory Services LLC increased its position in Exxon Mobil by 17.4% during the first quarter. Insigneo Advisory Services LLC now owns 46,192 shares of the oil and gas company’s stock valued at $5,494,000 after acquiring an additional 6,837 shares during the last quarter. Demars Financial Group LLC lifted its holdings in Exxon Mobil by 13.5% in the first quarter. Demars Financial Group LLC now owns 228,626 shares of the oil and gas company’s stock valued at $27,190,000 after acquiring an additional 27,109 shares during the period. Finally, Lesa Sroufe & Co bought a new stake in shares of Exxon Mobil during the 1st quarter valued at about $275,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

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.