Exxon Mobil (NYSE:XOM) Trading 0% Higher – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM) shares were up 0% during trading on Monday . The stock traded as high as $110.23 and last traded at $108.17. Approximately 15,726,568 shares traded hands during trading, an increase of 8% from the average daily volume of 14,547,446 shares. The stock had previously closed at $108.13.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wolfe Research upped their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Bernstein Bank increased their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Scotiabank cut their price target on Exxon Mobil from $145.00 to $140.00 in a research report on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Monday, February 3rd. Finally, HSBC decreased their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Stock Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market capitalization of $484.76 billion, a P/E ratio of 14.07, a P/E/G ratio of 2.91 and a beta of 0.89. The stock’s 50 day moving average is $108.63 and its two-hundred day moving average is $114.56.

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 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 period in the prior year, the firm posted $2.48 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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 issued 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 3.59%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity at Exxon Mobil

In other 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 completion of the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Exxon Mobil

A number of institutional investors have recently added to or reduced their stakes in XOM. 10Elms LLP purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $31,000. Keystone Financial Group Inc. purchased a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $36,000. Retirement Wealth Solutions LLC purchased a new stake in Exxon Mobil in the fourth quarter worth about $46,000. Finally, Compass Planning Associates Inc purchased a new stake in Exxon Mobil in the fourth quarter worth $47,000. 61.80% of the stock is owned by institutional investors.

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.