Exxon Mobil (NYSE:XOM) Shares Up 0.8% - Should You Buy?

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price shot up 0.8% during trading on Tuesday . The stock traded as high as $107.19 and last traded at $107.11. 2,725,054 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 16,362,869 shares. The stock had previously closed at $106.30.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XOM. Barclays decreased their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research note on Thursday, October 3rd. Truist Financial reduced their price objective on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research report on Monday, September 30th. BNP Paribas downgraded Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price for the company. in a research report on Wednesday, October 9th. BMO Capital Markets boosted their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a report on Friday, October 4th. Finally, Bank of America assumed coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.74.

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 business has a 50 day moving average price of $116.85 and a 200-day moving average price of $116.09. The company has a market capitalization of $467.64 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 4.70 and a beta of 0.89.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company's revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.27 earnings per share. Research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.72%. Exxon Mobil's dividend payout ratio is currently 49.32%.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors have recently made changes to their positions in XOM. Massachusetts Financial Services Co. MA boosted its holdings in Exxon Mobil by 532.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company's stock worth $1,935,779,000 after acquiring an additional 14,158,054 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of Exxon Mobil during the second quarter worth approximately $980,210,000. International Assets Investment Management LLC lifted its holdings in shares of Exxon Mobil by 7,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company's stock worth $808,077,000 after purchasing an additional 6,805,982 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Exxon Mobil by 16.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company's stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares during the period. Finally, Legal & General Group Plc increased its stake in Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares in the last quarter. Institutional investors and hedge funds 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.