Exxon Mobil (NYSE:XOM) Shares Up 1% – What’s Next?

Shares of Exxon Mobil Co. (NYSE:XOM) rose 1% during trading on Wednesday . The stock traded as high as $111.03 and last traded at $110.87. Approximately 3,101,129 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 13,711,723 shares. The stock had previously closed at $109.72.

Analysts Set New Price Targets

Several research firms recently weighed in on XOM. TD Cowen cut their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Truist Financial lifted their price target on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a report on Monday. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.84.

Exxon Mobil Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $493.89 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The stock has a fifty day moving average price of $112.73 and a 200 day moving average price of $115.52.

Exxon Mobil (NYSE:XOM) last posted 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the firm earned $2.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 7.86 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.52%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently made changes to their positions in the business. Eagle Capital Management LLC grew its stake in Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after buying an additional 114 shares in the last quarter. Clearstead Trust LLC grew its position in Exxon Mobil by 17.3% in the second quarter. Clearstead Trust LLC now owns 35,063 shares of the oil and gas company’s stock worth $4,036,000 after acquiring an additional 5,162 shares in the last quarter. Frisch Financial Group Inc. raised its position in Exxon Mobil by 12.8% during the second quarter. Frisch Financial Group Inc. now owns 10,585 shares of the oil and gas company’s stock valued at $1,219,000 after purchasing an additional 1,203 shares in the last quarter. Alpha Family Trust raised its position in Exxon Mobil by 505.0% during the second quarter. Alpha Family Trust now owns 10,437 shares of the oil and gas company’s stock valued at $1,202,000 after purchasing an additional 8,712 shares in the last quarter. Finally, Perennial Investment Advisors LLC lifted its stake in Exxon Mobil by 25.7% during the second quarter. Perennial Investment Advisors LLC now owns 10,590 shares of the oil and gas company’s stock worth $1,219,000 after purchasing an additional 2,167 shares during the last quarter. Hedge funds and other 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.