Exxon Mobil (NYSE:XOM) Trading 0.2% Higher - Here's Why

Exxon Mobil Co. (NYSE:XOM - Get Free Report) traded up 0.2% on Wednesday . The stock traded as high as $118.27 and last traded at $117.52. 2,363,467 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 16,346,235 shares. The stock had previously closed at $117.28.

Analyst Upgrades and Downgrades

XOM has been the subject of several research analyst reports. Mizuho lifted their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Morgan Stanley decreased their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Wells Fargo & Company upped their target price on Exxon Mobil from $135.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. Redburn Atlantic reissued a "neutral" rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Finally, Wolfe Research began coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an "outperform" rating and a $146.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and an average price target of $131.44.

Exxon Mobil Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The business's fifty day simple moving average is $117.66 and its 200 day simple moving average is $116.39. The stock has a market cap of $460.52 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 5.00 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 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. During the same period in the prior year, the business posted $1.94 EPS. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil Co. will post 8.05 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed 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. This represents a $3.80 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil's payout ratio is presently 46.57%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of XOM. Patron Partners LLC grew its holdings in shares of Exxon Mobil by 7.4% during the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company's stock worth $4,294,000 after purchasing an additional 2,564 shares during the last quarter. YHB Investment Advisors Inc. grew its position in shares of Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company's stock valued at $3,770,000 after purchasing an additional 1,836 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Exxon Mobil by 79.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company's stock worth $98,914,000 after acquiring an additional 380,399 shares during the period. Blair William & Co. IL lifted its holdings in shares of Exxon Mobil by 64.6% in the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company's stock valued at $111,392,000 after purchasing an additional 379,747 shares in the last quarter. Finally, Haverford Trust Co boosted its position in Exxon Mobil by 2.8% during the 1st quarter. Haverford Trust Co now owns 135,391 shares of the oil and gas company's stock worth $15,738,000 after acquiring an additional 3,680 shares during the last quarter. Institutional investors and hedge funds 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.