Exxon Mobil (NYSE:XOM) Trading 0% Higher – Here’s Why

Shares of Exxon Mobil Co. (NYSE:XOM) traded up 0% on Friday . The stock traded as high as $105.62 and last traded at $105.54. 6,390,541 shares were traded during trading, a decline of 61% from the average session volume of 16,296,770 shares. The stock had previously closed at $105.51.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Mizuho decreased their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.74.

Exxon Mobil Price Performance

The stock has a market capitalization of $465.31 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89. The business’s 50 day simple moving average is $117.21 and its 200-day simple moving average is $116.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the firm earned $2.27 EPS. Exxon Mobil’s revenue was down .8% on a year-over-year basis. Research analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

Institutional Trading of Exxon Mobil

A number of hedge funds and other institutional investors have recently made changes to their positions in XOM. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the second quarter valued at approximately $35,000. Anfield Capital Management LLC grew its position 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 purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC purchased a new position in Exxon Mobil during the second quarter valued at approximately $39,000. POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in Exxon Mobil during the second quarter valued at approximately $46,000. 61.80% of the stock is currently owned by 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.