Exxon Mobil (NYSE:XOM) Trading Up 0.1% - Should You Buy?

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) rose 0.1% on Monday . The company traded as high as $121.44 and last traded at $120.11. Approximately 2,229,476 shares traded hands during trading, a decline of 87% from the average daily volume of 16,540,301 shares. The stock had previously closed at $120.01.

Analysts Set New Price Targets

XOM has been the topic of a number of recent analyst reports. UBS Group dropped their price objective on Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $120.00 price objective on shares of Exxon Mobil in a report on Tuesday, October 8th. Sanford C. Bernstein dropped their price objective on Exxon Mobil from $139.00 to $138.00 and set an "outperform" rating on the stock in a report on Wednesday, July 17th. Bank of America began coverage on Exxon Mobil in a report on Thursday. They issued a "neutral" rating and a $124.00 target price on the stock. Finally, Morgan Stanley lowered their target price on Exxon Mobil from $145.00 to $142.00 and set an "overweight" rating on the stock in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have given 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 presently has an average rating of "Moderate Buy" and a consensus target price of $131.44.

Exxon Mobil Price Performance

The company has a 50-day moving average of $117.39 and a two-hundred day moving average of $116.47. The stock has a market capitalization of $473.48 billion, a PE ratio of 14.75, a P/E/G ratio of 5.02 and a beta of 0.89. 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 released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 8.11 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors 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 annualized dividend and a yield of 3.16%. Exxon Mobil's dividend payout ratio (DPR) is presently 46.57%.

Hedge Funds Weigh In On Exxon Mobil

Several large investors have recently added to or reduced their stakes in XOM. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the 1st quarter worth about $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter worth about $35,000. Anfield Capital Management LLC raised its holdings in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC purchased a new position in shares of Exxon Mobil in the 2nd quarter worth about $39,000. Finally, POM Investment Strategies LLC raised its holdings 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 period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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.