Exxon Mobil (NYSE:XOM) Trading Up 0.4% – Should You Buy?

Shares of Exxon Mobil Co. (NYSE:XOM) traded up 0.4% during trading on Tuesday . The stock traded as high as $119.08 and last traded at $119.03. 2,211,995 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 16,361,113 shares. The stock had previously closed at $118.61.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on XOM shares. Mizuho raised their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. TD Cowen decreased their price objective on Exxon Mobil from $130.00 to $127.00 and set a “buy” rating on the stock in a report on Monday. Redburn Atlantic reissued a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, The Goldman Sachs Group boosted their price target on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Stock Up 1.7 %

The firm has a market cap of $476.91 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 4.96 and a beta of 0.90. The company has a 50-day simple moving average of $117.78 and a 200-day simple moving average of $116.36. 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 released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter last year, the firm posted $2.27 earnings per share. The business’s revenue was down .8% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 7.97 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is 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 3.27%. Exxon Mobil’s payout ratio is 47.32%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in XOM. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil during the 1st quarter valued at approximately $25,000. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC raised its position 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 valued at $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in Exxon Mobil during the second quarter worth approximately $39,000. Finally, POM Investment Strategies LLC grew its stake in shares of Exxon Mobil by 918.9% in 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 during the period. 61.80% of the stock is owned by 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.