Exxon Mobil (NYSE:XOM) Trading 1.5% Higher After Analyst Upgrade

Shares of Exxon Mobil Co. (NYSE:XOMGet Free Report) were up 1.5% during trading on Tuesday after TD Cowen raised their price target on the stock from $115.00 to $120.00. TD Cowen currently has a buy rating on the stock. Exxon Mobil traded as high as $119.60 and last traded at $118.70. Approximately 6,574,398 shares were traded during trading, a decline of 64% from the average daily volume of 18,213,760 shares. The stock had previously closed at $116.99.

XOM has been the subject of several other research reports. Erste Group Bank reiterated a “hold” rating on shares of Exxon Mobil in a research report on Friday, December 22nd. Piper Sandler lowered their price objective on shares of Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Royal Bank of Canada reissued a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a research report on Monday, February 5th. JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating on the stock in a research report on Friday, December 8th. Finally, Mizuho raised their target price on shares of Exxon Mobil from $119.00 to $125.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.47.

Read Our Latest Report on Exxon Mobil

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.

Institutional Trading of Exxon Mobil

Several institutional investors and hedge funds have recently bought and sold shares of XOM. Moneta Group Investment Advisors LLC lifted its stake in Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after acquiring an additional 123,254,064 shares during the period. Norges Bank acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $5,519,753,000. Fisher Asset Management LLC lifted its stake in shares of Exxon Mobil by 566.2% in the 4th quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock valued at $1,319,507,000 after purchasing an additional 11,216,602 shares during the period. Imprint Wealth LLC lifted its stake in shares of Exxon Mobil by 9,115.2% in the 2nd quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock valued at $1,130,434,000 after purchasing an additional 11,181,673 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of Exxon Mobil by 32.1% in the 4th quarter. Legal & General Group Plc now owns 27,896,825 shares of the oil and gas company’s stock valued at $2,789,125,000 after purchasing an additional 6,786,525 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The firm’s 50 day moving average is $106.94 and its 200-day moving average is $105.89. The stock has a market capitalization of $473.52 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 4.28 and a beta of 0.96.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the previous year, the business posted $3.40 EPS. The business’s revenue was down 11.6% compared to the same quarter last year. Analysts forecast that Exxon Mobil Co. will post 9.11 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio is currently 42.74%.

Exxon Mobil Company Profile

(Get Free Report)

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.

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