Exxon Mobil (NYSE:XOM) Shares Up 0.6% – Still a Buy?

Exxon Mobil Co. (NYSE:XOM) shares traded up 0.6% during mid-day trading on Wednesday . The company traded as high as $121.43 and last traded at $121.10. 1,373,299 shares were traded during trading, a decline of 92% from the average session volume of 16,621,473 shares. The stock had previously closed at $120.35.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research analyst reports. Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. BMO Capital Markets boosted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 8th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, UBS Group lowered their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $131.88.

Exxon Mobil Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average price is $117.22 and its 200-day moving average price is $116.43. The stock has a market cap of $477.10 billion, a P/E ratio of 14.83, a PEG ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.94 EPS. Analysts forecast that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.57%.

Institutional Trading of Exxon Mobil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XOM. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil in the 1st quarter worth approximately $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC grew its stake in 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 worth $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC bought a new position in Exxon Mobil in the second quarter worth $39,000. Finally, POM Investment Strategies LLC lifted its position in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Company Profile

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.