Exxon Mobil (NYSE:XOM) Trading Up 2.2% After Dividend Announcement

Exxon Mobil Co. (NYSE:XOM)’s stock price was up 2.2% on Tuesday after the company announced a dividend. The stock traded as high as $109.88 and last traded at $109.47. Approximately 4,191,973 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 14,808,157 shares. The stock had previously closed at $107.09.

The newly announced dividend which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.60%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America started coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. Piper Sandler reduced their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Morgan Stanley raised their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research report on Friday, January 31st. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research note on Wednesday, October 9th. Finally, UBS Group dropped their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Trading Up 2.7 %

The firm has a market cap of $483.22 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 2.79 and a beta of 0.89. The business has a fifty day moving average of $110.10 and a two-hundred day moving average of $115.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period last year, the company posted $2.48 EPS. As a group, equities analysts expect that Exxon Mobil Co. will post 7.65 earnings per share for the current fiscal year.

Institutional Trading of Exxon Mobil

Institutional investors and hedge funds have recently modified their holdings of the business. Keystone Financial Group Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $46,000. Compass Planning Associates Inc acquired a new position in Exxon Mobil in the 4th quarter valued at $47,000. Compass Financial Services Inc purchased a new position in shares of Exxon Mobil during the 4th quarter worth $48,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the third quarter worth $51,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

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.