Exxon Mobil (NYSE:XOM) Trading Up 1.3% – Time to Buy?

Exxon Mobil Co. (NYSE:XOM) traded up 1.3% during mid-day trading on Thursday . The stock traded as high as $111.21 and last traded at $110.87. 4,574,752 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 14,544,536 shares. The stock had previously closed at $109.46.

Wall Street Analyst Weigh In

XOM has been the subject of several analyst reports. The Goldman Sachs Group decreased their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st. TD Cowen lowered their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Truist Financial upped their price objective on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a report on Monday, January 13th. BMO Capital Markets decreased their price objective on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research report on Friday, January 31st. Finally, Bernstein Bank upped their price target on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.25.

Exxon Mobil Stock Performance

The stock has a market capitalization of $483.08 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The firm has a fifty day moving average of $108.95 and a 200 day moving average of $114.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm posted $2.48 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders 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 dividend yield of 3.56%. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Valmark Advisers Inc. raised its holdings in shares of Exxon Mobil by 2.9% during the third quarter. Valmark Advisers Inc. now owns 53,996 shares of the oil and gas company’s stock valued at $6,329,000 after acquiring an additional 1,533 shares during the last quarter. Fidelis Capital Partners LLC raised its stake in Exxon Mobil by 2.0% in the 3rd quarter. Fidelis Capital Partners LLC now owns 77,095 shares of the oil and gas company’s stock valued at $9,272,000 after purchasing an additional 1,548 shares during the last quarter. Lodestar Private Asset Management LLC lifted its holdings in Exxon Mobil by 1.1% in the 3rd quarter. Lodestar Private Asset Management LLC now owns 9,919 shares of the oil and gas company’s stock valued at $1,163,000 after purchasing an additional 108 shares in the last quarter. Highview Capital Management LLC DE acquired a new stake in Exxon Mobil during the 3rd quarter worth $1,651,000. Finally, Avitas Wealth Management LLC boosted its stake in Exxon Mobil by 1.4% during the 3rd quarter. Avitas Wealth Management LLC now owns 55,412 shares of the oil and gas company’s stock worth $6,495,000 after purchasing an additional 780 shares during the last quarter. 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.