Exxon Mobil (NYSE:XOM) Trading 0.3% Higher – Time to Buy?

Exxon Mobil Co. (NYSE:XOM) shares were up 0.3% during mid-day trading on Wednesday . The company traded as high as $108.48 and last traded at $108.38. Approximately 2,990,367 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 16,262,904 shares. The stock had previously closed at $108.01.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on XOM. Piper Sandler decreased their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a research note on Thursday, December 12th. Truist Financial cut their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, TD Cowen cut their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.74.

Exxon Mobil Stock Performance

The company has a market cap of $463.73 billion, a P/E ratio of 13.14, a P/E/G ratio of 4.70 and a beta of 0.89. The business has a fifty day moving average of $117.56 and a 200 day moving average of $116.16. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 EPS. On average, 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. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. 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 3.75%. Exxon Mobil’s payout ratio is currently 49.32%.

Institutional Trading of Exxon Mobil

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the second quarter worth about $35,000. Anfield Capital Management LLC grew its stake in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new position in Exxon Mobil during the 2nd quarter valued at approximately $39,000. POM Investment Strategies LLC raised its stake 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 buying an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at about $46,000. 61.80% of the stock is owned by hedge funds and other 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.