Exxon Mobil (NYSE:XOM) Stock Price Up 1% – Time to Buy?

Shares of Exxon Mobil Co. (NYSE:XOM) shot up 1% on Wednesday . The stock traded as high as $111.03 and last traded at $110.87. 3,101,129 shares changed hands during trading, a decline of 77% from the average session volume of 13,711,723 shares. The stock had previously closed at $109.72.

Analyst Ratings Changes

Several research firms have weighed in on XOM. TD Cowen reduced their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $129.00 to $145.00 in a report on Thursday, October 10th. The Goldman Sachs Group lifted their target price on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, Morgan Stanley lowered their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $128.84.

Exxon Mobil Stock Up 1.2 %

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 company has a market cap of $488.08 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 4.65 and a beta of 0.91. The firm has a 50-day moving average price of $113.12 and a 200 day moving average price of $115.58.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $93.98 billion. During the same period in the previous year, the company posted $2.27 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.57%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Institutional Trading of Exxon Mobil

A number of large investors have recently bought and sold shares of XOM. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $35,000. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $39,000. Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $46,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $46,000. Finally, Peterson Financial Group Inc. purchased a new position in Exxon Mobil in the 3rd quarter valued at approximately $51,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.