Exxon Mobil (NYSE:XOM) Shares Up 1.2% – Still a Buy?

Exxon Mobil Co. (NYSE:XOM) rose 1.2% on Monday . The stock traded as high as $113.80 and last traded at $113.23. Approximately 3,600,328 shares were traded during trading, a decline of 76% from the average daily volume of 14,822,079 shares. The stock had previously closed at $111.90.

Analyst Ratings Changes

A number of analysts have commented on XOM shares. JPMorgan Chase & Co. reduced their price target 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. Scotiabank reduced their target price on shares of Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. The Goldman Sachs Group decreased their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Barclays dropped their price target on shares of Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, UBS Group decreased 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 report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.15.

Exxon Mobil Price Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a fifty day simple moving average of $109.56 and a two-hundred day simple moving average of $113.57. The firm has a market cap of $492.95 billion, a PE ratio of 14.49, a PEG ratio of 3.02 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates 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 business earned $2.48 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.49%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the business’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 sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by insiders.

Hedge Funds Weigh In On Exxon Mobil

A number of institutional investors and hedge funds have recently modified their holdings of XOM. Principal Financial Group Inc. grew its holdings in Exxon Mobil by 8.4% during the 3rd quarter. Principal Financial Group Inc. now owns 6,709,202 shares of the oil and gas company’s stock valued at $786,453,000 after purchasing an additional 521,932 shares during the last quarter. United Bank boosted its position in shares of Exxon Mobil by 3.7% during the third quarter. United Bank now owns 17,920 shares of the oil and gas company’s stock valued at $2,101,000 after buying an additional 641 shares during the period. Quest Partners LLC grew its stake in shares of Exxon Mobil by 157.5% during the third quarter. Quest Partners LLC now owns 8,925 shares of the oil and gas company’s stock valued at $1,046,000 after buying an additional 5,459 shares during the last quarter. Windle Wealth LLC raised its holdings in shares of Exxon Mobil by 8.6% in the third quarter. Windle Wealth LLC now owns 58,926 shares of the oil and gas company’s stock worth $6,907,000 after buying an additional 4,672 shares during the period. Finally, Aviance Capital Partners LLC lifted its stake in shares of Exxon Mobil by 0.5% during the 3rd quarter. Aviance Capital Partners LLC now owns 62,104 shares of the oil and gas company’s stock worth $7,280,000 after acquiring an additional 300 shares during the last quarter. 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.