Exxon Mobil (NYSE:XOM) Stock Price Up 0.8% - What's Next?

Exxon Mobil Co. (NYSE:XOM) saw its stock price increase by 0.8% in mid-day trading on Thursday. The shares peaked at $111.48 before settling at $111.18. Overall, around 4,493,437 shares changed hands, reflecting a significant 69% decrease from the average daily trading volume of 14,654,829 shares. Prior to this, the stock had closed at $110.30.

Analyst Ratings Changes

XOM has garnered the attention of several analysts, leading to various changes in ratings and target prices. The Royal Bank of Canada reaffirmed a "sector perform" rating with a target price of $115.00. Meanwhile, UBS Group lowered its price target from $149.00 to $147.00, maintaining a "buy" rating. Wolfe Research adjusted their target from $137.00 to $138.00. The Goldman Sachs Group also decreased their target from $125.00 to $123.00 with a "neutral" rating. Lastly, Mizuho reduced its target from $137.00 to $134.00, keeping a "neutral" stance. The consensus from 22 research analysts includes one sell rating, eight holds, eleven buys, and two strong buys, giving Exxon Mobil an overall rating of "Moderate Buy" with an average target price of $129.25.

Exxon Mobil Price Performance

The company's market capitalization stands at $480.20 billion. It has a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 3.02, and a beta of 0.89. The fifty-day moving average price is $108.60, while the two-hundred-day moving average price is $114.49. Exxon Mobil has a current ratio of 1.31, a quick ratio of 0.97, and a low debt-to-equity ratio of 0.14.

Earnings Report

Exxon Mobil last released its quarterly earnings data on January 31. The company reported earnings of $1.67 per share, which fell short of the consensus estimate of $1.77. The return on equity for Exxon Mobil was recorded at 12.92%, and it reported a net margin of 9.63%. In the same quarter last year, the reported earnings were $2.48 per share. Analysts predict that Exxon Mobil will achieve earnings of $7.43 per share for the current fiscal year.

Dividend Announcement

Recently, Exxon Mobil announced a quarterly dividend that is set to be paid on March 10. Shareholders recorded as of February 12 will receive a dividend of $0.99 per share, which translates to an annualized dividend of $3.96 and a yield of 3.58%. The ex-dividend date is February 12, and the current payout ratio stands at 50.51%.

Insider Transactions

A recent insider transaction involved VP Darrin L. Talley, who sold 2,100 shares of the company on February 4 at an average price of $110.00, totaling $231,000. Post-sale, Talley retains ownership of 18,087 shares, valued around $1,989,570—a 10.40% decrease in his stake. Only 0.03% of Exxon Mobil's stock is held by insiders.

Institutional Trading

Recent activities by institutional investors include new stakes in Exxon Mobil. 10Elms LLP purchased a stake valued at $25,000, while Fairway Wealth LLC bought shares worth $31,000. Other acquisitions include Keystone Financial Group Inc. with $36,000, Retirement Wealth Solutions LLC with $46,000, and Compass Planning Associates Inc. with $47,000. Notably, institutional and hedge fund investors control 61.80% of Exxon Mobil's stock.

About Exxon Mobil

Exxon Mobil Corporation is engaged in the exploration and production of crude oil and natural gas, both in the U.S. and abroad. It operates through various segments, including Upstream, Energy Products, Chemical Products, and Specialty Products. The Upstream segment is responsible for the exploration and production of crude oil and natural gas.

Exxon, Stock, Earnings