Exxon Mobil (NYSE:XOM) Trading Up 0.5% on Analyst Upgrade

Shares of Exxon Mobil Co. (NYSE:XOM) shot up 0.5% during mid-day trading on Wednesday after TD Cowen raised their price target on the stock from $127.00 to $132.00. TD Cowen currently has a buy rating on the stock. Exxon Mobil traded as high as $119.89 and last traded at $119.21. 1,837,866 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 16,240,713 shares. The stock had previously closed at $118.63.

Other equities research analysts also recently issued research reports about the stock. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $129.00 to $145.00 in a research report on Thursday, October 10th. UBS Group cut their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research report on Wednesday, October 9th. The Goldman Sachs Group boosted their target price on shares of Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Finally, Morgan Stanley dropped their target price on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.21.

Institutional Trading of Exxon Mobil

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. WFA Asset Management Corp increased its position in shares of Exxon Mobil by 18.2% during the 1st quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 414 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at approximately $933,000. Capital Group Private Client Services Inc. boosted its holdings in Exxon Mobil by 829.7% in the 1st quarter. Capital Group Private Client Services Inc. now owns 124,897 shares of the oil and gas company’s stock worth $14,518,000 after buying an additional 111,463 shares during the period. Capital International Inc. CA boosted its holdings in shares of Exxon Mobil by 76.2% in the first quarter. Capital International Inc. CA now owns 156,169 shares of the oil and gas company’s stock worth $18,153,000 after acquiring an additional 67,531 shares during the period. Finally, Capital International Sarl bought a new position in Exxon Mobil in the 1st quarter worth about $358,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

The company has a 50-day moving average price of $118.96 and a two-hundred day moving average price of $116.47. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $528.95 billion, a P/E ratio of 14.99, a PEG ratio of 5.00 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping 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 firm’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

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

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.