Exxon Mobil Co. (NYSE:XOM – Get Free Report)’s stock price traded down 0.4% during mid-day trading on Friday . The stock traded as low as $112.63 and last traded at $112.78. 2,246,006 shares changed hands during trading, a decline of 87% from the average session volume of 17,841,543 shares. The stock had previously closed at $113.25.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. UBS Group upped their target price on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Mizuho boosted their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Piper Sandler boosted their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Barclays dropped their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, Scotiabank boosted their price target on Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $134.41.
Read Our Latest Stock Analysis on XOM
Exxon Mobil Stock Up 0.0 %
The stock has a market cap of $446.62 billion, a PE ratio of 13.88, a P/E/G ratio of 4.19 and a beta of 0.91. The business has a 50 day moving average price of $114.16 and a 200 day moving average price of $110.48. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.83 EPS. Equities research analysts expect that Exxon Mobil Co. will post 9.02 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.35%. Exxon Mobil’s dividend payout ratio is currently 46.57%.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Exxon Mobil
A number of hedge funds have recently made changes to their positions in the company. Diversified Trust Co increased its holdings in shares of Exxon Mobil by 7.7% in the fourth quarter. Diversified Trust Co now owns 91,044 shares of the oil and gas company’s stock valued at $9,103,000 after purchasing an additional 6,519 shares during the last quarter. Pure Financial Advisors LLC increased its holdings in shares of Exxon Mobil by 117.3% in the fourth quarter. Pure Financial Advisors LLC now owns 22,893 shares of the oil and gas company’s stock valued at $2,289,000 after purchasing an additional 12,356 shares during the last quarter. Arlington Financial Advisors LLC increased its holdings in shares of Exxon Mobil by 74.9% in the fourth quarter. Arlington Financial Advisors LLC now owns 6,126 shares of the oil and gas company’s stock valued at $612,000 after purchasing an additional 2,624 shares during the last quarter. Castle Rock Wealth Management LLC increased its holdings in shares of Exxon Mobil by 1.1% in the fourth quarter. Castle Rock Wealth Management LLC now owns 20,310 shares of the oil and gas company’s stock valued at $2,077,000 after purchasing an additional 224 shares during the last quarter. Finally, &PARTNERS increased its holdings in shares of Exxon Mobil by 48.4% in the fourth quarter. &PARTNERS now owns 38,792 shares of the oil and gas company’s stock valued at $3,909,000 after purchasing an additional 12,658 shares during the last quarter. Institutional investors and hedge funds 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.
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2024-07-14 09:43:22Z
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