Exxon Mobil (NYSE:XOM) Shares Up 0.8% on Analyst Upgrade

Exxon Mobil Co. (NYSE:XOM) shares shot up 0.8% on Monday after Mizuho raised their price target on the stock from $128.00 to $130.00. Mizuho currently has a neutral rating on the stock. Exxon Mobil traded as high as $113.08 and last traded at $112.02. 2,397,955 shares changed hands during trading, a decline of 86% from the average session volume of 16,795,156 shares. The stock had previously closed at $111.15.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company dropped their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. UBS Group upped their target price on shares of Exxon Mobil from $156.00 to $157.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. Barclays lowered their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $136.24.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in XOM. Gilbert & Cook Inc. boosted its holdings in Exxon Mobil by 2.2% during the fourth quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock worth $2,547,000 after purchasing an additional 545 shares during the last quarter. Aveo Capital Partners LLC lifted its stake in Exxon Mobil by 5.0% in the fourth quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock valued at $2,053,000 after acquiring an additional 984 shares during the last quarter. Gryphon Financial Partners LLC lifted its stake in Exxon Mobil by 42.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock valued at $1,827,000 after acquiring an additional 5,565 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in Exxon Mobil by 18.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,522 shares of the oil and gas company’s stock valued at $252,000 after acquiring an additional 400 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Exxon Mobil by 99.0% in the fourth quarter. Clearbridge Investments LLC now owns 3,447,245 shares of the oil and gas company’s stock valued at $344,656,000 after acquiring an additional 1,715,339 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Up 1.4 %

The stock has a market cap of $444.57 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 4.38 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $115.67 and its 200 day simple moving average is $115.19.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.94 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 8.36 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is presently 46.57%.

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.