Exxon Mobil (NYSE:XOM) Trading Up 1% Following Dividend Announcement

Exxon Mobil Co. (NYSE:XOM) shares traded up 1% on Monday after the company announced a dividend. The company traded as high as $120.05 and last traded at $119.13. 5,969,209 shares changed hands during trading, a decline of 67% from the average session volume of 18,049,824 shares. The stock had previously closed at $117.96.

The newly announced dividend which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 46.57%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on XOM shares. Scotiabank increased their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Mizuho reaffirmed a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a report on Thursday, April 4th. UBS Group raised their price objective on Exxon Mobil from $133.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. TD Cowen raised their price target on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Piper Sandler increased their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $132.28.

Exxon Mobil Trading Up 1.2 %

The business has a 50 day simple moving average of $113.33 and a two-hundred day simple moving average of $106.64. 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 company has a market cap of $472.50 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 4.05 and a beta of 0.96.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate 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 quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.83 earnings per share. On average, analysts forecast that Exxon Mobil Co. will post 9.7 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,400 shares of the business’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 completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

Institutional investors and hedge funds have recently bought and sold shares of the business. Marion Wealth Management boosted its holdings in Exxon Mobil by 55.7% in the 3rd quarter. Marion Wealth Management now owns 9,122 shares of the oil and gas company’s stock worth $1,073,000 after acquiring an additional 3,264 shares during the period. Kessler Investment Group LLC lifted its position in shares of Exxon Mobil by 1.6% during the third quarter. Kessler Investment Group LLC now owns 48,854 shares of the oil and gas company’s stock worth $5,744,000 after purchasing an additional 765 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Exxon Mobil by 1.3% in the third quarter. Proficio Capital Partners LLC now owns 13,206 shares of the oil and gas company’s stock valued at $1,553,000 after purchasing an additional 175 shares during the period. Capital Advisory Group Advisory Services LLC purchased a new position in shares of Exxon Mobil in the third quarter valued at $374,000. Finally, Koshinski Asset Management Inc. grew its holdings in Exxon Mobil by 3.2% during the 3rd quarter. Koshinski Asset Management Inc. now owns 34,345 shares of the oil and gas company’s stock valued at $4,038,000 after purchasing an additional 1,080 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

About Exxon Mobil

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.