Exxon Mobil (NYSE:XOM) Trading 0.1% Higher – Time to Buy?

Exxon Mobil Co. (NYSE:XOM)’s share price rose 0.1% on Monday . The company traded as high as $121.44 and last traded at $120.11. Approximately 2,229,476 shares traded hands during trading, a decline of 87% from the average daily volume of 16,540,301 shares. The stock had previously closed at $120.01.

Analyst Ratings Changes

A number of research analysts have recently commented on XOM shares. Morgan Stanley lowered their price objective on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. BMO Capital Markets increased their target price 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. 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. Finally, Sanford C. Bernstein decreased their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $131.44.

Exxon Mobil Trading Up 0.2 %

The firm’s fifty day moving average is $117.39 and its two-hundred day moving average is $116.47. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm has a market capitalization of $474.11 billion, a PE ratio of 14.75, a PEG ratio of 5.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $90.09 billion. During the same period in the prior year, the business earned $1.94 EPS. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.16%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds have recently modified their holdings of XOM. Price T Rowe Associates Inc. MD grew its position in Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after acquiring an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Exxon Mobil by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock valued at $4,640,756,000 after purchasing an additional 4,080,716 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after acquiring an additional 5,330,887 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after buying an additional 5,235,607 shares during the last quarter. Finally, Capital International Investors grew its holdings in Exxon Mobil by 25.1% in the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after purchasing an additional 5,523,429 shares during the last quarter. 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.