Exxon Mobil (NYSE:XOM) Shares Up 0.2% – Here’s Why

Exxon Mobil Co. (NYSE:XOM) shares rose 0.2% during mid-day trading on Friday . The company traded as high as $121.24 and last traded at $120.76. Approximately 3,534,461 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 16,265,663 shares. The stock had previously closed at $120.56.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group cut their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Wells Fargo & Company upped their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. BMO Capital Markets upped their target price 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. The Goldman Sachs Group raised their price target on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Finally, Truist Financial reduced their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Trading Down 0.5 %

The firm has a market capitalization of $527.24 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 5.09 and a beta of 0.90. The business’s 50 day moving average price is $118.35 and its 200-day moving average price is $116.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the company posted $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.30%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 47.32%.

Institutional Trading of Exxon Mobil

A number of institutional investors have recently bought and sold shares of XOM. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC boosted its stake in shares of Exxon Mobil by 360.0% during the 2nd 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 last quarter. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth about $39,000. POM Investment Strategies LLC raised 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 buying an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $46,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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.