Exxon Mobil (NYSE:XOM) Trading 0.1% Higher – Here’s Why

by · The Cerbat Gem

Exxon Mobil Co. (NYSE:XOM – Get Free Report)’s share price rose 0.1% during mid-day trading on Tuesday . The stock traded as high as $119.17 and last traded at $118.96. Approximately 1,962,051 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 16,352,043 shares. The stock had previously closed at $118.90.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research note on Tuesday, October 8th. Redburn Atlantic reiterated a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. UBS Group cut their price target on Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company increased their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.44.

Check Out Our Latest Report on Exxon Mobil

Exxon Mobil Trading Down 1.2 %

The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $117.55 and a 200-day moving average price of $116.41. The firm has a market capitalization of $463.30 billion, a PE ratio of 14.58, a P/E/G ratio of 5.00 and a beta of 0.89.

Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. Exxon Mobil’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 8.05 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the second quarter worth $35,000. Anfield Capital Management LLC grew its holdings 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 purchased a new position in shares of Exxon Mobil in the second quarter valued at $39,000. Finally, POM Investment Strategies LLC raised its stake 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 buying an additional 340 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Company Profile

(Get Free Report)

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.

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