Exxon Mobil (NYSE:XOM) Shares Up 0.1% – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM)’s share price was up 0.1% during trading on Wednesday . The stock traded as high as $107.19 and last traded at $106.40. Approximately 7,806,997 shares traded hands during trading, a decline of 52% from the average daily volume of 16,385,684 shares. The stock had previously closed at $106.30.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on XOM shares. Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Wolfe Research upped their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. BMO Capital Markets lifted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. UBS Group reduced their price objective on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $128.74.

Exxon Mobil Stock Up 0.1 %

The firm has a 50 day moving average of $116.01 and a 200-day moving average of $115.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $468.03 billion, a P/E ratio of 13.26, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating 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 business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the prior year, the company posted $2.27 earnings per share. Exxon Mobil’s revenue was down .8% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced 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 a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s payout ratio is 49.32%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Eagle Capital Management LLC boosted its stake in Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 114 shares in the last quarter. Detalus Advisors LLC lifted its holdings in shares of Exxon Mobil by 4.4% during the second quarter. Detalus Advisors LLC now owns 3,832 shares of the oil and gas company’s stock valued at $441,000 after acquiring an additional 160 shares during the period. Briaud Financial Planning Inc boosted its stake in shares of Exxon Mobil by 10.8% in the 2nd quarter. Briaud Financial Planning Inc now owns 13,547 shares of the oil and gas company’s stock valued at $1,559,000 after purchasing an additional 1,319 shares in the last quarter. Aletheian Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 13.9% in the 2nd quarter. Aletheian Wealth Advisors LLC now owns 9,835 shares of the oil and gas company’s stock worth $1,132,000 after purchasing an additional 1,198 shares during the last quarter. Finally, Crown Wealth Group LLC increased its position in shares of Exxon Mobil by 13.2% during the 2nd quarter. Crown Wealth Group LLC now owns 6,195 shares of the oil and gas company’s stock worth $713,000 after purchasing an additional 722 shares in the last quarter. Institutional investors and hedge funds 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.