Exxon Mobil (NYSE:XOM) Trading Up 1.1% – Here’s What Happened

Shares of Exxon Mobil Co. (NYSE:XOM) traded up 1.1% during mid-day trading on Thursday . The company traded as high as $121.67 and last traded at $121.66. 4,129,507 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 16,229,261 shares. The stock had previously closed at $120.32.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on XOM shares. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. The Goldman Sachs Group upped their price objective on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Monday, November 4th. Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, Bank of America began coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $130.21.

Exxon Mobil Trading Up 1.3 %

The firm has a market capitalization of $535.67 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 4.97 and a beta of 0.90. 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 company’s 50-day simple moving average is $118.96 and its 200 day simple moving average is $116.47.

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

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. 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 3.25%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently added to or reduced their stakes in XOM. Wealthquest Corp increased its holdings in Exxon Mobil by 1.1% in the 3rd quarter. Wealthquest Corp now owns 12,563 shares of the oil and gas company’s stock worth $1,507,000 after acquiring an additional 137 shares in the last quarter. Morse Asset Management Inc grew its position in shares of Exxon Mobil by 9.7% in the third quarter. Morse Asset Management Inc now owns 73,158 shares of the oil and gas company’s stock valued at $8,576,000 after purchasing an additional 6,439 shares in the last quarter. Diamant Asset Management Inc. increased its stake in shares of Exxon Mobil by 0.9% in the 3rd quarter. Diamant Asset Management Inc. now owns 12,949 shares of the oil and gas company’s stock worth $1,518,000 after acquiring an additional 120 shares during the last quarter. Advisory Resource Group raised its position in shares of Exxon Mobil by 3.0% during the 3rd quarter. Advisory Resource Group now owns 43,700 shares of the oil and gas company’s stock valued at $5,123,000 after buying an additional 1,270 shares during the period. Finally, Passumpsic Savings Bank lifted its holdings in Exxon Mobil by 50.5% in the third quarter. Passumpsic Savings Bank now owns 3,619 shares of the oil and gas company’s stock valued at $424,000 after acquiring an additional 1,214 shares during the last quarter. 61.80% of the stock is 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.