Exxon Mobil (NYSE:XOM) Trading Up 0.3% After Analyst Upgrade

Exxon Mobil Co. (NYSE:XOM) shares were up 0.3% during mid-day trading on Wednesday after UBS Group raised their price target on the stock from $150.00 to $152.00. UBS Group currently has a buy rating on the stock. Exxon Mobil traded as high as $116.95 and last traded at $116.47. Approximately 3,639,149 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 18,646,852 shares. The stock had previously closed at $116.17.

A number of other research firms also recently issued reports on XOM. TD Cowen lifted their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. HSBC boosted their price target on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a report on Monday, February 5th. Barclays started coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Eight 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.18.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other 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 transaction of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

A number of institutional investors have recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil during the 1st quarter worth approximately $25,000. First Pacific Financial bought a new position in Exxon Mobil during the first quarter worth $34,000. Partnership Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter worth $46,000. Vima LLC bought a new stake in Exxon Mobil in the fourth quarter valued at $50,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the first quarter valued at about $88,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Down 0.0 %

The company has a market cap of $457.98 billion, a P/E ratio of 14.23, a PEG ratio of 4.03 and a beta of 0.96. The stock’s 50-day moving average price is $115.15 and its 200-day moving average price is $106.95. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the business posted $2.83 EPS. The company’s revenue was down 4.0% on a year-over-year basis. As a group, research analysts forecast that Exxon Mobil Co. will post 9.61 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

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.