Exxon Mobil (NYSE:XOM) Trading Up 0.5% – What’s Next?

Exxon Mobil Co. (NYSE:XOM)’s stock price shot up 0.5% during trading on Friday . The stock traded as high as $118.28 and last traded at $118.21. 2,290,482 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 16,217,232 shares. The stock had previously closed at $117.66.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on XOM shares. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $129.00 to $145.00 in a report on Thursday, October 10th. The Goldman Sachs Group lifted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Finally, UBS Group lowered their price objective on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Performance

The stock has a 50 day moving average of $119.70 and a two-hundred day moving average of $116.57. The stock has a market capitalization of $519.85 billion, a PE ratio of 14.72, a P/E/G ratio of 4.94 and a beta of 0.90. 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 results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the firm posted $2.27 EPS. The business’s revenue was down .8% compared to the same quarter last year. Research analysts expect that Exxon Mobil Co. will post 7.94 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 issued a dividend of $0.99 per share. The ex-dividend date is Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.35%. Exxon Mobil’s payout ratio is currently 49.32%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Fairway Wealth LLC acquired a new stake in Exxon Mobil during the second quarter worth approximately $35,000. Anfield Capital Management LLC increased 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 valued at $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the 2nd quarter worth about $39,000. POM Investment Strategies LLC lifted its holdings in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of Exxon Mobil in the second quarter worth approximately $46,000. 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.