Exxon Mobil (NYSE:XOM) Trading 1.3% Higher - Here's Why

Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares were up 1.3% on Friday . The stock traded as high as $124.18 and last traded at $124.13. Approximately 3,846,194 shares changed hands during trading, a decline of 77% from the average daily volume of 16,777,152 shares. The stock had previously closed at $122.58.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on XOM shares. Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an "outperform" rating and a $146.00 price target for the company. Wells Fargo & Company boosted their target price on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Mizuho increased their price target on Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Truist Financial dropped their target price on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a report on Monday. Finally, Redburn Atlantic reaffirmed a "neutral" rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Nine analysts have rated the stock with a hold rating, ten have given 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 a consensus target price of $134.18.

Exxon Mobil Price Performance

The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $492.05 billion, a PE ratio of 15.29, a P/E/G ratio of 4.86 and a beta of 0.90. The company has a fifty day moving average price of $116.31 and a two-hundred day moving average price of $115.98.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.94 EPS. Sell-side analysts forecast that Exxon Mobil Co. will post 8.06 earnings per share for the current year.

Exxon Mobil Announces Dividend

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. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.05%. Exxon Mobil's payout ratio is currently 46.57%.

Institutional Trading of Exxon Mobil

Hedge funds and other institutional investors have recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the 1st quarter worth approximately $25,000. Fairway Wealth LLC purchased a new position in Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC lifted its holdings in Exxon Mobil by 360.0% in the second 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 purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth $39,000. Finally, POM Investment Strategies LLC boosted 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 buying an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

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.