Exxon Mobil (NYSE:XOM) Stock Price Up 0.2% – Still a Buy?

Exxon Mobil Co. (NYSE:XOM) rose 0.2% on Friday . The company traded as high as $121.24 and last traded at $120.76. Approximately 3,534,461 shares changed hands during trading, a decline of 78% from the average daily volume of 16,265,663 shares. The stock had previously closed at $120.56.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XOM. Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price target on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Monday, November 4th. Wolfe Research lifted their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Price Performance

The firm has a 50-day simple moving average of $118.49 and a 200-day simple moving average of $116.40. The firm has a market capitalization of $524.38 billion, a PE ratio of 14.86, a PEG ratio of 5.09 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its 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 net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period in the previous year, the business posted $2.27 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. As a group, equities analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 47.32%.

Institutional Trading of Exxon Mobil

A number of hedge funds and other institutional investors have recently bought and sold shares of XOM. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC increased its stake in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $39,000. POM Investment Strategies LLC lifted its stake in shares of Exxon Mobil by 918.9% during the 2nd 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 in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in Exxon Mobil in the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

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.