Exxon Mobil (NYSE:XOM) Trading 0.9% Higher Following Analyst Upgrade

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) traded up 0.9% during mid-day trading on Tuesday 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 $114.03 and last traded at $113.74. 2,349,202 shares were traded during trading, a decline of 86% from the average session volume of 16,764,377 shares. The stock had previously closed at $112.71.

Several other research analysts also recently issued reports on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Evercore ISI upgraded shares of Exxon Mobil to a "strong-buy" rating in a research report on Monday, August 5th. Truist Financial cut their price target on Exxon Mobil from $124.00 to $121.00 and set a "hold" rating for the company in a report on Monday, July 22nd. UBS Group raised their price objective on Exxon Mobil from $156.00 to $157.00 and gave the stock a "buy" rating in a report on Tuesday, August 20th. Finally, Sanford C. Bernstein dropped their target price on Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating for the company in a research note on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $136.24.

Institutional Trading of Exxon Mobil

A number of institutional investors have recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil in the first quarter worth about $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil during the 2nd quarter valued at $35,000. Anfield Capital Management LLC grew its holdings in 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 worth $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil in the 2nd quarter worth about $39,000. Finally, POM Investment Strategies LLC increased its position in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock worth $43,000 after purchasing an additional 340 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 1.3 %

The firm has a market cap of $450.21 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. The business's 50 day moving average price is $115.67 and its 200-day moving average price is $115.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

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

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil's payout ratio is 46.57%.

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.