Exxon Mobil (NYSE:XOM) Trading Up 2% – Still a Buy?

Shares of Exxon Mobil Co. (NYSE:XOM) rose 2% during mid-day trading on Wednesday . The company traded as high as $119.18 and last traded at $118.88. Approximately 4,123,573 shares were traded during trading, a decline of 72% from the average daily volume of 14,901,843 shares. The stock had previously closed at $116.59.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. Mizuho lowered their price objective 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 lowered their price target 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 cut their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Morgan Stanley lifted their target price on shares of Exxon Mobil from $139.00 to $140.00 in a research note on Friday, January 31st. Finally, Piper Sandler cut their price target on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $129.15.

Exxon Mobil Stock Performance

The firm’s 50 day simple moving average is $110.36 and its 200-day simple moving average is $113.61. The company has a market cap of $513.10 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 3.02 and a beta of 0.83. 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 announced its quarterly earnings data 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 quarter in the previous year, the firm posted $2.48 EPS. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.35%. Exxon Mobil’s dividend payout ratio is presently 50.51%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now 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 document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Exxon Mobil

A number of institutional investors have recently made changes to their positions in the stock. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter worth $32,000. Keystone Financial Group Inc. purchased a new stake in Exxon Mobil in the fourth quarter valued at $36,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $46,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.