Exxon Mobil (NYSE:XOM) Trading 1.4% Higher – Still a Buy?

Exxon Mobil Co. (NYSE:XOM)’s share price was up 1.4% during mid-day trading on Monday . The company traded as high as $110.75 and last traded at $110.40. Approximately 2,770,832 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 14,482,249 shares. The stock had previously closed at $108.89.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Piper Sandler lowered their price objective on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Mizuho lowered their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. The Goldman Sachs Group cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. UBS Group decreased their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Morgan Stanley lifted their price target on shares of Exxon Mobil from $139.00 to $140.00 in a report on Friday, January 31st. One equities 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 given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $129.25.

Exxon Mobil Trading Down 3.0 %

The stock has a fifty day simple moving average of $109.16 and a 200 day simple moving average of $114.88. The firm has a market capitalization of $471.90 billion, a P/E ratio of 13.70, a PEG ratio of 2.94 and a beta of 0.89. 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 issued its 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 net margin of 9.63% and a return on equity of 12.92%. During the same period in the prior year, the company posted $2.48 EPS. As a group, research analysts forecast that Exxon Mobil Co. will post 7.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of XOM. Rockline Wealth Management LLC lifted its position in shares of Exxon Mobil by 6.1% during the fourth quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company’s stock worth $2,788,000 after purchasing an additional 1,498 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its holdings in Exxon Mobil by 10.7% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after buying an additional 4,578 shares in the last quarter. Helen Stephens Group LLC boosted its position in Exxon Mobil by 7.3% in the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company’s stock valued at $4,479,000 after buying an additional 2,825 shares during the period. Brooklyn Investment Group grew its stake in Exxon Mobil by 36.8% in the 3rd quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after acquiring an additional 6,753 shares in the last quarter. Finally, Parthenon LLC increased its position in shares of Exxon Mobil by 2.4% during the third quarter. Parthenon LLC now owns 191,590 shares of the oil and gas company’s stock worth $22,458,000 after acquiring an additional 4,445 shares during the period. 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.