Exxon Mobil (NYSE:XOM) Shares Up 0.4% - Time to Buy?

Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares were up 0.4% on Thursday . The stock traded as high as $121.58 and last traded at $121.10. Approximately 1,682,228 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 16,582,240 shares. The stock had previously closed at $120.66.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. BNP Paribas lowered shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 price target for the company. in a report on Wednesday, October 9th. Mizuho boosted their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. Wells Fargo & Company raised their price target on Exxon Mobil from $135.00 to $136.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Scotiabank upgraded Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $129.00 to $145.00 in a research report on Thursday, October 10th. Finally, Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus price target of $131.44.

Exxon Mobil Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The company has a fifty day moving average price of $117.37 and a two-hundred day moving average price of $116.49. The company has a market cap of $474.54 billion, a P/E ratio of 14.75, a PEG ratio of 5.02 and a beta of 0.89.

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 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.94 earnings per share. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 8.11 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared 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 3.16%. The ex-dividend date was Thursday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is currently 46.57%.

Institutional Trading of Exxon Mobil

A number of large investors have recently added to or reduced their stakes in XOM. OmniStar Financial Group Inc. bought a new stake in Exxon Mobil in the third quarter valued at approximately $1,625,000. Inspire Advisors LLC raised its stake in Exxon Mobil by 2.1% in the 3rd quarter. Inspire Advisors LLC now owns 18,128 shares of the oil and gas company's stock valued at $2,125,000 after acquiring an additional 373 shares during the period. Aspiriant LLC lifted its holdings in Exxon Mobil by 6.6% during the 3rd quarter. Aspiriant LLC now owns 24,124 shares of the oil and gas company's stock valued at $2,828,000 after purchasing an additional 1,497 shares during the last quarter. Aaron Wealth Advisors LLC boosted its position in Exxon Mobil by 22.7% during the third quarter. Aaron Wealth Advisors LLC now owns 26,919 shares of the oil and gas company's stock worth $3,155,000 after purchasing an additional 4,973 shares during the period. Finally, Joule Financial LLC increased its holdings in shares of Exxon Mobil by 3.8% in the third quarter. Joule Financial LLC now owns 6,347 shares of the oil and gas company's stock valued at $744,000 after purchasing an additional 234 shares during the last quarter. Institutional investors and hedge funds 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.