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

Exxon Mobil Co. (NYSE:XOM)’s stock price traded up 0.1% during trading on Wednesday . The stock traded as high as $107.19 and last traded at $106.40. 7,806,997 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 16,385,684 shares. The stock had previously closed at $106.30.

Analyst Ratings Changes

A number of research firms have commented on XOM. JPMorgan Chase & Co. decreased their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. BMO Capital Markets lifted their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. The Goldman Sachs Group boosted their price objective on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a report on Wednesday, October 9th. Finally, Wells Fargo & Company boosted their price target on Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $128.74.

Exxon Mobil Price Performance

The company has a fifty day simple moving average of $116.01 and a 200-day simple moving average of $115.91. The company has a market cap of $468.03 billion, a P/E ratio of 13.26, a PEG ratio of 4.70 and a beta of 0.89. 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 EPS for the quarter, beating 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%. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.27 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XOM. Eagle Capital Management LLC boosted its position in 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 acquiring an additional 114 shares during the period. Detalus Advisors LLC grew its position in Exxon Mobil by 4.4% during the second quarter. Detalus Advisors LLC now owns 3,832 shares of the oil and gas company’s stock valued at $441,000 after purchasing an additional 160 shares in the last quarter. Briaud Financial Planning Inc increased its stake in Exxon Mobil by 10.8% in the 2nd quarter. Briaud Financial Planning Inc now owns 13,547 shares of the oil and gas company’s stock valued at $1,559,000 after buying an additional 1,319 shares during the period. Aletheian Wealth Advisors LLC lifted its position in Exxon Mobil by 13.9% in the 2nd quarter. Aletheian Wealth Advisors LLC now owns 9,835 shares of the oil and gas company’s stock worth $1,132,000 after buying an additional 1,198 shares in the last quarter. Finally, Crown Wealth Group LLC boosted its stake in shares of Exxon Mobil by 13.2% during the 2nd quarter. Crown Wealth Group LLC now owns 6,195 shares of the oil and gas company’s stock valued at $713,000 after buying an additional 722 shares during the period. Institutional investors and hedge funds 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.