Exxon Mobil (NYSE:XOM) Shares Up 0.8% on Analyst Upgrade

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) shot up 0.8% during mid-day trading on Monday after Mizuho raised their price target on the stock from $128.00 to $130.00. Mizuho currently has a neutral rating on the stock. Exxon Mobil traded as high as $113.08 and last traded at $112.02. 2,397,955 shares changed hands during trading, a decline of 86% from the average session volume of 16,795,156 shares. The stock had previously closed at $111.15.

A number of other research firms have also issued reports on XOM. Barclays reduced their price objective on Exxon Mobil from $147.00 to $142.00 and set an "overweight" rating for the company in a research report on Tuesday, July 9th. UBS Group upped their price target on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a "buy" rating in a research report on Tuesday, August 20th. Wolfe Research assumed coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an "outperform" rating and a $146.00 price objective on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Sanford C. Bernstein cut their price target on Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating on the stock in a report on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $136.24.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Exxon Mobil by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company's stock valued at $38,846,569,000 after purchasing an additional 1,269,495 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Exxon Mobil by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company's stock valued at $5,249,607,000 after acquiring an additional 2,676,652 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Exxon Mobil by 11.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company's stock worth $4,640,756,000 after acquiring an additional 4,080,716 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 worth $4,235,972,000 after acquiring an additional 5,330,887 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Exxon Mobil by 19.3% during the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company's stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

The firm has a fifty day moving average price of $115.66 and a 200 day moving average price of $115.14. The firm has a market capitalization of $444.42 billion, a PE ratio of 13.76, a P/E/G ratio of 4.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.37%. The ex-dividend date was Thursday, August 15th. Exxon Mobil's payout ratio is 46.57%.

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.