Exxon Mobil (NYSE:XOM) Shares Up 2.5% – Here’s Why

Shares of Exxon Mobil Corporation (NYSE:XOMGet Free Report) rose 2.5% on Tuesday . The stock traded as high as $167.48 and last traded at $165.2170. Approximately 26,047,343 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 22,142,426 shares. The stock had previously closed at $161.13.

Key Headlines Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XOM. HSBC boosted their price target on Exxon Mobil from $135.00 to $158.00 and gave the company a “hold” rating in a research note on Friday. Loop Capital set a $123.00 target price on shares of Exxon Mobil in a research note on Tuesday, February 3rd. Jefferies Financial Group increased their price target on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Morgan Stanley cut their price target on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $148.89.

Read Our Latest Report on XOM

Exxon Mobil Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The stock’s 50 day moving average price is $146.31 and its two-hundred day moving average price is $126.67. The firm has a market capitalization of $688.42 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.25 and a beta of 0.35.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The business had revenue of $80.04 billion for the quarter, compared to analyst estimates of $77.98 billion. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. Exxon Mobil’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business posted $1.67 EPS. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is currently 61.58%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares in the company, valued at $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 11,460 shares of company stock valued at $1,687,854. Insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Berbice Capital Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $26,000. Midwest Capital Advisors LLC acquired a new position in Exxon Mobil in the 4th quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Exxon Mobil by 456.1% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 187 shares in the last quarter. Key Capital Management INC bought a new stake in shares of Exxon Mobil in the 4th quarter worth approximately $28,000. Finally, Westfuller Advisors LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $30,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Company Profile

(Get Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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