Exxon Mobil (NYSE:XOM) Shares Up 0.2% - Here's What Happened

Exxon Mobil Co. (NYSE:XOM - Get Free Report) shot up 0.2% during mid-day trading on Tuesday . The stock traded as high as $113.87 and last traded at $113.14. 5,966,599 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 16,183,378 shares. The stock had previously closed at $112.90.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on XOM. UBS Group lowered their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Royal Bank of Canada reduced their price objective on shares of Exxon Mobil from $120.00 to $115.00 and set a "sector perform" rating for the company in a research note on Tuesday, November 26th. Mizuho boosted their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. Redburn Atlantic reaffirmed a "neutral" rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Finally, TD Cowen boosted their price objective on shares of Exxon Mobil from $127.00 to $132.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus price target of $129.95.

Exxon Mobil Stock Up 0.4 %

The company has a market cap of $498.01 billion, a PE ratio of 14.09, a PEG ratio of 4.77 and a beta of 0.89. The stock's 50 day moving average price is $119.68 and its 200-day moving average price is $116.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. During the same quarter in the prior year, the company earned $2.27 EPS. The firm's revenue was down .8% on a year-over-year basis. On average, analysts predict that Exxon Mobil Co. will post 7.94 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. Investors of record on Thursday, November 14th will be issued a dividend of $0.99 per share. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Thursday, November 14th. Exxon Mobil's dividend payout ratio is currently 49.32%.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vertex Planning Partners LLC raised its holdings in Exxon Mobil by 3.1% during the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company's stock valued at $326,000 after buying an additional 83 shares during the last quarter. Etfidea LLC raised its holdings in 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 buying an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC raised its holdings 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 buying an additional 86 shares during the last quarter. Integral Investment Advisors Inc. raised its holdings 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 last quarter. Finally, CBIZ Investment Advisory Services LLC raised its holdings in Exxon Mobil by 15.2% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company's stock worth $76,000 after purchasing an additional 87 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.

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