ExxonMobil (NYSE:XOM) Trading Up 3.9% – Here’s What Happened

Shares of ExxonMobil Corporation (NYSE:XOM) were up 3.9% during trading on Monday . The company traded as high as $145.23 and last traded at $144.3410. Approximately 18,494,402 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 20,123,125 shares. The stock had previously closed at $138.88.

Analyst Ratings Changes

Several brokerages recently issued reports on XOM. Barclays boosted their price target on shares of ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Morgan Stanley reduced their target price on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Wells Fargo & Company raised their target price on shares of ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. lifted their price objective on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Finally, Citigroup reissued a “neutral” rating on shares of ExxonMobil in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $164.45.

ExxonMobil Trading Up 0.4%

The stock’s fifty day simple moving average is $145.82 and its 200 day simple moving average is $145.93. The firm has a market capitalization of $601.18 billion, a PE ratio of 24.46, a PEG ratio of 0.59 and a beta of 0.17. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. During the same period last year, the firm earned $1.76 EPS. ExxonMobil’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, sell-side analysts predict that ExxonMobil Corporation will post 11.48 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio is presently 69.48%.

Institutional Trading of ExxonMobil

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

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.