Exxon Mobil (NYSE:XOM) Shares Up 0.4%

Exxon Mobil Co. (NYSE:XOM) was up 0.4% during trading on Friday . The stock traded as high as $116.54 and last traded at $115.39. Approximately 3,189,301 shares changed hands during trading, a decline of 82% from the average daily volume of 18,191,576 shares. The stock had previously closed at $114.90.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on XOM shares. HSBC boosted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. UBS Group increased their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Barclays initiated coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Wells Fargo & Company increased their price target on Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, April 30th. Finally, Morgan Stanley restated an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $133.82.

Exxon Mobil Trading Up 0.2 %

The company has a market capitalization of $453.92 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 4.13 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company’s fifty day moving average is $115.25 and its 200-day moving average is $109.65.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (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 company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same quarter in the prior year, the business posted $2.83 earnings per share. The company’s revenue was down 4.0% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Co. will post 9.28 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Exxon Mobil

A number of large investors have recently modified their holdings of the business. Logan Capital Management Inc. lifted its stake in Exxon Mobil by 25.3% during the 3rd quarter. Logan Capital Management Inc. now owns 29,754 shares of the oil and gas company’s stock valued at $3,498,000 after acquiring an additional 6,000 shares during the period. Advisors Asset Management Inc. boosted its holdings in Exxon Mobil by 3.0% in the third quarter. Advisors Asset Management Inc. now owns 133,236 shares of the oil and gas company’s stock valued at $15,666,000 after purchasing an additional 3,826 shares during the last quarter. Axxcess Wealth Management LLC grew its position in Exxon Mobil by 164.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 126,390 shares of the oil and gas company’s stock worth $14,861,000 after purchasing an additional 78,510 shares during the period. Evergreen Capital Management LLC raised its stake in shares of Exxon Mobil by 1.3% during the 3rd quarter. Evergreen Capital Management LLC now owns 50,052 shares of the oil and gas company’s stock valued at $5,885,000 after buying an additional 636 shares during the last quarter. Finally, Elevatus Welath Management lifted its holdings in shares of Exxon Mobil by 10.0% in the 3rd quarter. Elevatus Welath Management now owns 7,112 shares of the oil and gas company’s stock valued at $836,000 after buying an additional 649 shares during the period. 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.