Exxon Mobil (NYSE:XOM) Stock Price Up 1.7% – Time to Buy?

Exxon Mobil Co. (NYSE:XOM) shares were up 1.7% during mid-day trading on Wednesday . The company traded as high as $107.90 and last traded at $107.57. Approximately 12,365,312 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 16,304,336 shares. The stock had previously closed at $105.76.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on XOM shares. Mizuho dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. BMO Capital Markets raised their target price on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Morgan Stanley lowered their price target on shares of Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.74.

Exxon Mobil Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The business’s 50-day moving average is $114.94 and its 200 day moving average is $115.83. The company has a market cap of $471.64 billion, a PE ratio of 13.36, a PEG ratio of 4.65 and a beta of 0.89.

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, beating the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.69%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Hedge Funds Weigh In On Exxon Mobil

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Eagle Capital Management LLC boosted its stake in Exxon Mobil by 4.9% in the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 114 shares in the last quarter. Valmark Advisers Inc. grew its holdings in shares of Exxon Mobil by 1.7% during the second quarter. Valmark Advisers Inc. now owns 52,463 shares of the oil and gas company’s stock valued at $6,040,000 after buying an additional 874 shares during the last quarter. JPL Wealth Management LLC increased its position in shares of Exxon Mobil by 1,118.4% during the second quarter. JPL Wealth Management LLC now owns 25,404 shares of the oil and gas company’s stock valued at $2,924,000 after acquiring an additional 23,319 shares in the last quarter. Drive Wealth Management LLC raised its holdings in Exxon Mobil by 52.7% in the 2nd quarter. Drive Wealth Management LLC now owns 27,254 shares of the oil and gas company’s stock worth $3,138,000 after acquiring an additional 9,402 shares during the last quarter. Finally, Clearview Wealth Advisors LLC bought a new position in Exxon Mobil in the 2nd quarter valued at approximately $215,000. 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.