Exxon Mobil (NYSE:XOM) Trading Up 0.3%

Exxon Mobil Co. (NYSE:XOM) shares shot up 0.3% on Tuesday . The company traded as high as $118.06 and last traded at $117.76. 1,916,082 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 16,796,143 shares. The stock had previously closed at $117.36.

Analyst Upgrades and Downgrades

Several research firms have issued reports on XOM. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 9th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Sanford C. Bernstein dropped their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Wolfe Research initiated coverage on Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Finally, Redburn Atlantic reaffirmed a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.82.

Exxon Mobil Stock Performance

The stock has a 50-day simple moving average of $115.92 and a 200-day simple moving average of $115.53. The stock has a market cap of $461.33 billion, a PE ratio of 14.43, a P/E/G ratio of 4.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

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

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.25%. Exxon Mobil’s payout ratio is currently 46.57%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Etfidea LLC increased its position in Exxon Mobil by 3.3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after acquiring an additional 85 shares during the period. Bigelow Investment Advisors LLC grew its position in Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock valued at $1,559,000 after buying an additional 86 shares in the last quarter. Integral Investment Advisors Inc. increased its stake in Exxon Mobil by 2.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock valued at $483,000 after buying an additional 87 shares during the period. CBIZ Investment Advisory Services LLC raised its position in shares of Exxon Mobil by 15.2% during the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after buying an additional 87 shares in the last quarter. Finally, Mascoma Wealth Management LLC lifted its stake in shares of Exxon Mobil by 7.0% in the 2nd quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock worth $155,000 after acquiring an additional 88 shares during the period. Institutional investors own 61.80% of the company’s stock.

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.