Exxon Mobil (NYSE:XOM) Trading 2.1% Higher – Should You Buy?

Exxon Mobil Corporation (NYSE:XOM)’s stock price was up 2.1% during mid-day trading on Wednesday . The company traded as high as $117.98 and last traded at $117.7530. Approximately 15,210,695 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 16,065,818 shares. The stock had previously closed at $115.38.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Melius assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Barclays cut their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Piper Sandler increased their target price on Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Mizuho dropped their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Finally, UBS Group reiterated a “buy” rating and set a $145.00 price target on shares of Exxon Mobil in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $128.67.

Exxon Mobil Stock Performance

The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $115.04 and a 200 day moving average of $111.64. The stock has a market capitalization of $491.38 billion, a P/E ratio of 16.94, a PEG ratio of 1.48 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $57.55 billion during the quarter. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.03 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, November 14th. Exxon Mobil’s dividend payout ratio is 59.88%.

Hedge Funds Weigh In On Exxon Mobil

Hedge funds have recently modified their holdings of the stock. Westfuller Advisors LLC bought a new position in shares of Exxon Mobil during the third quarter valued at $30,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil during the 1st quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC boosted its position in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil in the second quarter valued at about $38,000. 61.80% of the stock is owned by institutional investors and hedge funds.

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.