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

Exxon Mobil Co. (NYSE:XOM)’s share price shot up 0.4% during trading on Monday . The stock traded as high as $120.62 and last traded at $119.80. 2,004,887 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 16,271,298 shares. The stock had previously closed at $119.31.

Analyst Ratings Changes

Several brokerages have recently commented on XOM. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. The Goldman Sachs Group lifted their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Morgan Stanley reduced their price objective on Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, Mizuho raised their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have given 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $129.95.

Exxon Mobil Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market capitalization of $529.17 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 5.00 and a beta of 0.90. The firm has a 50 day moving average of $118.49 and a 200-day moving average of $116.39.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion for 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 company’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.29%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is presently 49.32%.

Institutional Investors Weigh In On Exxon Mobil

A number of institutional investors have recently added to or reduced their stakes in XOM. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC boosted its holdings in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter worth approximately $39,000. POM Investment Strategies LLC lifted its holdings in 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 worth $43,000 after buying an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new position in Exxon Mobil during the 2nd quarter worth $46,000. 61.80% of the stock is owned by institutional investors and hedge funds.

About Exxon Mobil

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.