Exxon Mobil (NYSE:XOM) Shares Up 2.1% on Analyst Upgrade

Shares of Exxon Mobil Co. (NYSE:XOM) shot up 2.1% on Friday after Wells Fargo & Company raised their price target on the stock from $135.00 to $136.00. Wells Fargo & Company currently has an overweight rating on the stock. Exxon Mobil traded as high as $115.45 and last traded at $115.18. 3,183,780 shares were traded during mid-day trading, a decline of 81% from the average session volume of 16,761,746 shares. The stock had previously closed at $112.80.

Other analysts also recently issued research reports about the company. Wolfe Research initiated coverage on Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. UBS Group lowered their target price on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Mizuho upped their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Barclays lowered their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $135.00.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds have recently bought and sold shares of XOM. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the first quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the second quarter valued at approximately $35,000. Anfield Capital Management LLC lifted its position in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the second quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC lifted its position in shares of Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

The firm has a market cap of $456.68 billion, a PE ratio of 14.19, a P/E/G ratio of 4.86 and a beta of 0.90. The firm has a 50-day moving average price of $115.76 and a two-hundred day moving average price of $115.66. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same quarter last year, the business posted $1.94 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Research analysts forecast that Exxon Mobil Co. will post 8.06 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

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.