Exxon Mobil (NYSE:XOM) Stock Price Up 1.5% – Time to Buy?

Exxon Mobil Co. (NYSE:XOM) shares were up 1.5% during mid-day trading on Tuesday . The stock traded as high as $107.47 and last traded at $107.30. Approximately 2,475,743 shares changed hands during trading, a decline of 85% from the average daily volume of 16,263,812 shares. The stock had previously closed at $105.76.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. BMO Capital Markets increased their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Morgan Stanley reduced their price objective on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group raised their price objective on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $128.74.

Exxon Mobil Stock Up 1.5 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market cap of $471.59 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 4.65 and a beta of 0.89. The business’s fifty day moving average is $115.74 and its two-hundred day moving average is $115.93.

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. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.27 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 7.95 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 is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.69%. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Institutional Trading of Exxon Mobil

Institutional investors and hedge funds have recently made changes to their positions in the company. Fairway Wealth LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $35,000. Anfield Capital Management LLC increased its holdings in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC bought a new position in Exxon Mobil in the second quarter worth approximately $39,000. Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at $46,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at $51,000. 61.80% of the stock is currently owned by institutional investors.

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.