Exxon Mobil (NYSE:XOM) Shares Up 0.2% – Here’s Why

Shares of Exxon Mobil Co. (NYSE:XOM) shot up 0.2% during trading on Thursday . The company traded as high as $107.03 and last traded at $106.61. 1,940,571 shares traded hands during trading, a decline of 88% from the average session volume of 16,326,342 shares. The stock had previously closed at $106.40.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on XOM. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. BMO Capital Markets boosted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. Mizuho cut their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Barclays dropped their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $128.74.

Exxon Mobil Stock Up 0.1 %

The business’s 50-day simple moving average is $116.29 and its 200 day simple moving average is $115.98. The firm has a market cap of $467.95 billion, a PE ratio of 13.26, a P/E/G ratio of 4.70 and a beta of 0.89. 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 issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping 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 firm had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. During the same period in the prior year, the business posted $2.27 EPS. The firm’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm 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 3.72%. This is a positive change 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 is presently 49.32%.

Hedge Funds Weigh In On Exxon Mobil

Hedge funds have recently bought and sold shares of the business. Fairway Wealth LLC acquired a new position in Exxon Mobil during the second quarter worth $35,000. Anfield Capital Management LLC boosted its stake in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at about $39,000. Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil during the 2nd quarter valued at about $46,000. Finally, Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the 3rd quarter valued at about $51,000. 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.