Exxon Mobil (NYSE:XOM) Trading 1.3% Higher – What’s Next?

Shares of Exxon Mobil Co. (NYSE:XOM) were up 1.3% during mid-day trading on Thursday . The stock traded as high as $123.70 and last traded at $123.70. Approximately 2,337,529 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 16,740,518 shares. The stock had previously closed at $122.09.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research note on Wednesday. Wolfe Research started coverage on Exxon Mobil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective on the stock. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $129.00 to $145.00 in a report on Thursday. Finally, Sanford C. Bernstein lowered their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.61.

Exxon Mobil Stock Performance

The stock has a fifty day moving average price of $116.64 and a 200-day moving average price of $116.21. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $487.00 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 4.86 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period in the prior year, the company posted $1.94 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 8.06 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is presently 46.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Etfidea LLC boosted its stake in shares of Exxon Mobil by 3.3% during the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock valued at $307,000 after purchasing an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC boosted its position in Exxon Mobil by 0.6% during 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 acquiring an additional 86 shares in the last quarter. Integral Investment Advisors Inc. grew its holdings in shares of 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 worth $483,000 after acquiring an additional 87 shares during the period. CBIZ Investment Advisory Services LLC grew its holdings 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 acquiring an additional 87 shares during the period. Finally, Mascoma Wealth Management LLC raised its position 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 in the last quarter. 61.80% of the stock is currently owned by institutional investors.

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.