Exxon Mobil (NYSE:XOM) Stock Price Up 0.3% – Here’s Why

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on XOM. Wolfe Research upped their price objective on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. JPMorgan Chase & Co. lowered their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday. The Goldman Sachs Group increased their price target on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. Finally, Morgan Stanley cut their target price on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $129.68.

Exxon Mobil Trading Up 0.0 %

The stock has a market cap of $474.80 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89. The company has a 50 day moving average of $118.23 and a two-hundred day moving average of $116.30. 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 announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share 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 the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. 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 dividend on an annualized basis and a yield of 3.67%. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Institutional Trading of Exxon Mobil

Several large investors have recently made changes to their positions in XOM. Eagle Capital Management LLC increased its holdings in shares of Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after buying an additional 114 shares during the last quarter. Sunpointe LLC lifted its holdings in shares of Exxon Mobil by 9.3% in the 2nd quarter. Sunpointe LLC now owns 7,606 shares of the oil and gas company’s stock worth $876,000 after acquiring an additional 649 shares during the last quarter. SeaCrest Wealth Management LLC increased its holdings in Exxon Mobil by 12.7% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 39,348 shares of the oil and gas company’s stock valued at $4,530,000 after purchasing an additional 4,424 shares during the last quarter. Cidel Asset Management Inc. raised its position in Exxon Mobil by 14.9% in the second quarter. Cidel Asset Management Inc. now owns 40,080 shares of the oil and gas company’s stock valued at $4,614,000 after purchasing an additional 5,210 shares during the period. Finally, Carnegie Investment Counsel boosted its position in shares of Exxon Mobil by 20.8% during the second quarter. Carnegie Investment Counsel now owns 49,946 shares of the oil and gas company’s stock worth $5,750,000 after buying an additional 8,592 shares during the period. 61.80% of the stock is currently 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.