Exxon Mobil (NYSE:XOM) Trading Up 0.8% - Defense World

Shares of Exxon Mobil Co. (NYSE:XOM – Get Free Report) rose 0.8% on Friday . The company traded as high as $118.90 and last traded at $118.79. Approximately 4,257,922 shares traded hands during trading, a decline of 77% from the average daily volume of 18,476,363 shares. The stock had previously closed at $117.87.

Wall Street Analyst Weigh In

XOM has been the subject of a number of analyst reports. Mizuho raised their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Morgan Stanley restated an “overweight” rating and set a $145.00 price target on shares of Exxon Mobil in a research report on Wednesday. UBS Group increased their price objective on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. HSBC boosted their target price on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Finally, Barclays started coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.00.

View Our Latest Stock Analysis on XOM

Exxon Mobil Trading Up 1.5 %

The stock has a market capitalization of $471.74 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 4.11 and a beta of 0.96. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average price is $117.09 and its two-hundred day moving average price is $107.55.

Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.83 earnings per share. Equities research analysts forecast that Exxon Mobil Co. will post 9.57 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be issued a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.18%. Exxon Mobil’s payout ratio is 46.57%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at $3,169,845. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Exxon Mobil by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after purchasing an additional 1,269,495 shares during the period. FMR LLC increased its position in Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares during the period. Norges Bank purchased a new position in Exxon Mobil during the 4th quarter valued at $5,519,753,000. Morgan Stanley increased its position in Exxon Mobil by 2.0% during the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after purchasing an additional 1,066,937 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Exxon Mobil by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock valued at $5,249,607,000 after purchasing an additional 2,676,652 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Company Profile

(Get Free Report)

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.

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2024-05-19 08:23:08Z
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