Exxon Mobil (NYSE:XOM) Shares Up 0% – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM)’s share price was up 0% during mid-day trading on Tuesday . The company traded as high as $118.72 and last traded at $117.86. Approximately 2,193,386 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 16,172,458 shares. The stock had previously closed at $117.85.

Wall Street Analyst Weigh In

Several brokerages recently commented on XOM. Mizuho upped their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. UBS Group dropped their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Bank of America initiated coverage on Exxon Mobil in a report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price for the company. Wolfe Research lifted their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, Truist Financial decreased their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Performance

The firm has a fifty day simple moving average of $119.77 and a 200-day simple moving average of $116.52. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a market cap of $502.23 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 4.94 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.27 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 7.94 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be issued a $0.99 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.47%. Exxon Mobil’s payout ratio is presently 49.32%.

Institutional Trading of Exxon Mobil

Large investors have recently modified their holdings of the business. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the second quarter valued at approximately $35,000. Anfield Capital Management LLC increased its stake in shares of 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 purchasing an additional 252 shares during the period. Fairscale Capital LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at $39,000. POM Investment Strategies LLC lifted its stake 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 acquiring an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC bought a new position in Exxon Mobil during the second quarter valued at about $46,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.