Exxon Mobil (NYSE:XOM) Shares Up 1.9% – Still a Buy?

Exxon Mobil Co. (NYSE:XOM)’s stock price was up 1.9% on Friday . The stock traded as high as $110.40 and last traded at $109.64. Approximately 5,349,352 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 14,913,588 shares. The stock had previously closed at $107.62.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Wells Fargo & Company cut their target price on shares of Exxon Mobil from $136.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Scotiabank dropped their price target on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. HSBC reduced their price objective on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Stock Up 1.3 %

The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of $109.05 and a 200-day simple moving average of $113.87. The firm has a market capitalization of $473.20 billion, a PE ratio of 13.91, a P/E/G ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 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 quarter in the previous year, the company earned $2.48 EPS. Analysts forecast that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.63%. Exxon Mobil’s dividend payout ratio is 50.51%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,100 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. 10Elms LLP purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the fourth quarter valued at $32,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil during the fourth quarter worth about $36,000. Finally, Retirement Wealth Solutions LLC bought a new position in Exxon Mobil in the 4th quarter worth about $46,000. 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.