Exxon Mobil (NYSE:XOM) Shares Up 1% – Here’s Why

Exxon Mobil Co. (NYSE:XOM) was up 1% on Friday . The stock traded as high as $112.74 and last traded at $112.38. Approximately 6,638,398 shares changed hands during trading, a decline of 52% from the average daily volume of 13,759,105 shares. The stock had previously closed at $111.32.

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. TD Cowen reduced their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. BMO Capital Markets boosted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. Finally, Bank of America assumed coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Stock Up 0.7 %

The company has a market capitalization of $492.45 billion, a PE ratio of 13.95, a P/E/G ratio of 2.70 and a beta of 0.91. The stock’s fifty day moving average is $112.93 and its two-hundred day moving average is $115.55. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.27 EPS. As a group, analysts predict that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the second quarter valued at $35,000. Fairscale Capital LLC purchased a new position in Exxon Mobil during the 2nd quarter valued at about $39,000. Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at about $46,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $46,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Exxon Mobil in the third quarter valued at approximately $51,000. 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.