Exxon Mobil (NYSE:XOM) Trading Up 0.5% – Time to Buy?

Exxon Mobil Co. (NYSE:XOM)’s stock price was up 0.5% during trading on Friday . The stock traded as high as $123.88 and last traded at $123.72. Approximately 1,789,523 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 16,702,627 shares. The stock had previously closed at $123.14.

Analyst Ratings Changes

A number of brokerages recently issued reports on XOM. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. UBS Group dropped their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Finally, BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.88.

Exxon Mobil Price Performance

The firm has a market cap of $487.40 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 5.02 and a beta of 0.89. The company’s fifty day moving average is $116.90 and its 200 day moving average is $116.34. 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 posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.94 EPS. On average, equities research analysts predict that Exxon Mobil Co. will post 8.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.07%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Institutional Trading of Exxon Mobil

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GLOBALT Investments LLC GA bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $5,022,000. Novak & Powell Financial Services Inc. bought a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $669,000. WNY Asset Management LLC grew its position in shares of Exxon Mobil by 10.5% in the fourth quarter. WNY Asset Management LLC now owns 19,168 shares of the oil and gas company’s stock valued at $1,916,000 after purchasing an additional 1,816 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in shares of Exxon Mobil by 0.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 16,272 shares of the oil and gas company’s stock worth $1,627,000 after purchasing an additional 135 shares during the period. Finally, Proathlete Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter worth approximately $224,000. 61.80% of the stock is owned by institutional investors.

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.