Exxon Mobil (NYSE:XOM) Trading 0.5% Higher - What's Next?

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price rose 0.5% during mid-day trading on Friday . The stock traded as high as $118.28 and last traded at $118.21. Approximately 2,290,482 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 16,217,232 shares. The stock had previously closed at $117.66.

Wall Street Analyst Weigh In

XOM has been the topic of several research reports. Redburn Atlantic reissued a "neutral" rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Barclays dropped their target price on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. BMO Capital Markets raised their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 target price on the stock. Finally, Wolfe Research raised their target price on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $129.95.

Exxon Mobil Price Performance

The firm has a 50 day moving average of $119.76 and a 200-day moving average of $116.57. The company has a market cap of $518.45 billion, a P/E ratio of 14.69, a P/E/G ratio of 4.94 and a beta of 0.90. 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 issued its 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 company had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm's quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company earned $2.27 EPS. On average, equities research analysts predict that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio (DPR) is 49.32%.

Institutional Trading of Exxon Mobil

A number of large investors have recently added to or reduced their stakes in XOM. Fairway Wealth LLC bought a new stake in Exxon Mobil in the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC increased 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 purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new position in Exxon Mobil during the 2nd quarter valued at $39,000. POM Investment Strategies LLC boosted its holdings 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 valued at $43,000 after acquiring an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC purchased a new position in Exxon Mobil during the 2nd quarter valued at $46,000. Institutional investors 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.