Exxon Mobil (NYSE:XOM) Trading Up 0.7% - Here's Why

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s share price was up 0.7% on Friday . The stock traded as high as $107.99 and last traded at $107.26. Approximately 2,791,484 shares were traded during trading, a decline of 83% from the average daily volume of 16,303,050 shares. The stock had previously closed at $106.49.

Wall Street Analyst Weigh In

Several analysts have weighed in on XOM shares. Piper Sandler cut their price objective on Exxon Mobil from $138.00 to $127.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Redburn Atlantic reaffirmed a "neutral" rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. BMO Capital Markets lifted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research report on Friday, October 4th. Finally, Bank of America began coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $128.74.

Exxon Mobil Stock Performance

The company has a market capitalization of $467.99 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89. The business's fifty day moving average is $116.01 and its two-hundred day moving average is $115.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

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

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. 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 3.72%. Exxon Mobil's payout ratio is currently 49.32%.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds have recently added to or reduced their stakes in the stock. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the 2nd quarter valued at $35,000. Anfield Capital Management LLC grew its position in shares of Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock valued at $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $39,000. Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $46,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at $51,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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.