Exxon Mobil (NYSE:XOM) Stock Price Up 0.1% - Still a Buy?

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s share price was up 0.1% during mid-day trading on Tuesday . The company traded as high as $119.17 and last traded at $118.96. Approximately 1,962,051 shares changed hands during trading, a decline of 88% from the average daily volume of 16,352,043 shares. The stock had previously closed at $118.90.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on XOM shares. Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price objective on the stock. Morgan Stanley reduced their price objective on shares of Exxon Mobil from $145.00 to $142.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. Royal Bank of Canada reissued a "sector perform" rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Tuesday, October 8th. Evercore ISI raised shares of Exxon Mobil to a "strong-buy" rating in a research report on Monday, August 5th. Finally, 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 target price on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $131.44.

Exxon Mobil Price Performance

The firm has a fifty day moving average of $117.55 and a 200 day moving average of $116.41. 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 company has a market capitalization of $462.63 billion, a P/E ratio of 14.37, a P/E/G ratio of 5.00 and a beta of 0.89.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion during the quarter, compared to analysts' expectations of $90.09 billion. During the same period in the previous year, the company earned $1.94 earnings per share. The firm's quarterly revenue was up 12.2% on a year-over-year basis. On average, equities research analysts anticipate that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.24%. Exxon Mobil's dividend payout ratio (DPR) is currently 46.57%.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the first quarter worth approximately $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil during the second quarter valued at approximately $35,000. Anfield Capital Management LLC grew its position in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock valued at $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC bought a new stake in Exxon Mobil during the second quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC grew its position in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock valued at $43,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors 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.