Exxon Mobil (NYSE:XOM) Stock Price Up 1% – Time to Buy?

Exxon Mobil Co. (NYSE:XOM)’s share price shot up 1% during trading on Monday . The company traded as high as $114.94 and last traded at $114.67. 3,794,467 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 16,168,407 shares. The stock had previously closed at $113.57.

Analyst Ratings Changes

A number of brokerages recently issued reports on XOM. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Bank of America began coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. Wolfe Research raised their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. TD Cowen boosted their price target on shares of Exxon Mobil from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Mizuho lifted their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Trading Down 0.2 %

The firm has a 50 day moving average of $119.77 and a 200-day moving average of $116.47. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $498.14 billion, a P/E ratio of 14.28, a PEG ratio of 4.77 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 EPS. On average, equities research analysts predict that Exxon Mobil Co. will post 7.94 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is 49.32%.

Hedge Funds Weigh In On Exxon Mobil

Several hedge funds and other institutional investors have recently modified their holdings of XOM. Patron Partners LLC raised its stake in Exxon Mobil by 7.4% during the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock worth $4,294,000 after acquiring an additional 2,564 shares in the last quarter. Global Wealth Management Investment Advisory Inc. boosted its position in Exxon Mobil by 10.7% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock valued at $5,532,000 after buying an additional 4,578 shares in the last quarter. YHB Investment Advisors Inc. grew its position in Exxon Mobil by 5.9% during the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after acquiring an additional 1,836 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Exxon Mobil by 79.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock worth $98,914,000 after purchasing an additional 380,399 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in shares of Exxon Mobil by 64.6% in the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock valued at $111,392,000 after buying an additional 379,747 shares during the period. Institutional investors own 61.80% of the company’s stock.

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.