ExxonMobil (NYSE:XOM) Stock Price Up 1.4% – Here’s Why

Shares of ExxonMobil Corporation (NYSE:XOM) rose 1.4% on Monday . The stock traded as high as $161.73 and last traded at $160.1970. Approximately 19,851,513 shares changed hands during trading, a decline of 7% from the average daily volume of 21,325,242 shares. The stock had previously closed at $157.92.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on XOM shares. UBS Group boosted their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Loop Capital set a $123.00 target price on ExxonMobil in a report on Tuesday, February 3rd. TD Cowen cut their price target on ExxonMobil from $175.00 to $172.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Finally, Bank of America upped their price objective on ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.95.

ExxonMobil Stock Performance

The firm has a market capitalization of $664.01 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 0.69 and a beta of 0.19. The company has a 50-day moving average price of $155.05 and a 200-day moving average price of $137.61. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the previous year, the business earned $1.76 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities research analysts forecast that ExxonMobil Corporation will post 11.5 earnings per share for the current year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, May 15th. ExxonMobil’s dividend payout ratio is currently 69.48%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,150 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the sale, the vice president directly owned 18,204 shares of the company’s stock, valued at approximately $2,872,955.28. This represents a 10.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On ExxonMobil

A number of institutional investors have recently added to or reduced their stakes in XOM. Eagle Capital Management LLC grew its holdings in ExxonMobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares during the period. Caxton Associates LLP bought a new position in shares of ExxonMobil during the 1st quarter valued at about $305,000. Sivia Capital Partners LLC grew its stake in shares of ExxonMobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after purchasing an additional 207 shares during the last quarter. United Bank grew its stake in shares of ExxonMobil by 2.8% in the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after purchasing an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its holdings in shares of ExxonMobil by 17.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after purchasing an additional 5,443 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Company Profile

ExxonMobil 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.