Exxon Mobil (NYSE:XOM) Shares Up 0.3% - Here's Why

Exxon Mobil Co. (NYSE:XOM - Get Free Report) was up 0.3% during trading on Wednesday . The stock traded as high as $108.48 and last traded at $108.38. Approximately 2,990,367 shares traded hands during trading, a decline of 82% from the average daily volume of 16,262,904 shares. The stock had previously closed at $108.01.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. 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 note on Monday. Royal Bank of Canada reissued a "sector perform" rating and issued a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. UBS Group decreased their price objective on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a "neutral" rating and a $124.00 target price for the company. Finally, Redburn Atlantic reissued a "neutral" rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus price target of $129.68.

Exxon Mobil Trading Down 1.5 %

The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market cap of $467.73 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89. The company's 50-day moving average is $118.23 and its 200 day moving average is $116.30.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating 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 analysts' expectations of $93.98 billion. During the same quarter in the previous year, the company posted $2.27 EPS. The company's revenue was down .8% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of XOM. Eagle Capital Management LLC increased its stake in shares of Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company's stock worth $283,000 after purchasing an additional 114 shares during the last quarter. Sunpointe LLC increased its position in shares of Exxon Mobil by 9.3% in the second quarter. Sunpointe LLC now owns 7,606 shares of the oil and gas company's stock valued at $876,000 after acquiring an additional 649 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in Exxon Mobil by 12.7% during the second quarter. SeaCrest Wealth Management LLC now owns 39,348 shares of the oil and gas company's stock worth $4,530,000 after purchasing an additional 4,424 shares during the period. Cidel Asset Management Inc. boosted its position in shares of Exxon Mobil by 14.9% in the second quarter. Cidel Asset Management Inc. now owns 40,080 shares of the oil and gas company's stock valued at $4,614,000 after acquiring an additional 5,210 shares during the period. Finally, Carnegie Investment Counsel increased its position in shares of Exxon Mobil by 20.8% in the second quarter. Carnegie Investment Counsel now owns 49,946 shares of the oil and gas company's stock worth $5,750,000 after purchasing an additional 8,592 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.