Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares rose 0% during trading on Friday . The company traded as high as $105.62 and last traded at $105.54. Approximately 6,390,541 shares traded hands during trading, a decline of 61% from the average daily volume of 16,296,770 shares. The stock had previously closed at $105.51.
Analysts Set New Price Targets
XOM has been the topic of a number of recent research reports. Wolfe Research raised their target price on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Redburn Atlantic reiterated a "neutral" rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. TD Cowen decreased their target price on shares of Exxon Mobil from $132.00 to $128.00 and set a "buy" rating for the company in a research report on Monday. Mizuho dropped their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. One 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $128.74.
Check Out Our Latest Analysis on XOM
Exxon Mobil Price Performance
The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company's 50 day moving average price is $117.56 and its 200-day moving average price is $116.16. The company has a market cap of $465.31 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 4.70 and a beta of 0.89.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the previous year, the business posted $2.27 earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.
Exxon Mobil Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.74%. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. Exxon Mobil's dividend payout ratio is currently 49.32%.
Hedge Funds Weigh In On Exxon Mobil
A number of institutional investors have recently bought and sold shares of the stock. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the second quarter worth approximately $35,000. Anfield Capital Management LLC grew its holdings in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock valued at $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new position in Exxon Mobil during the second quarter valued at $39,000. POM Investment Strategies LLC boosted its position in Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 61.80% of the company's stock.
Exxon Mobil Company Profile
(
Get Free Report)
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.
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