Exxon Mobil (NYSE:XOM) Shares Up 0.8% – Still a Buy?

Exxon Mobil Co. (NYSE:XOM) shares rose 0.8% during mid-day trading on Tuesday . The company traded as high as $107.19 and last traded at $107.11. Approximately 2,725,054 shares traded hands during trading, a decline of 83% from the average daily volume of 16,362,869 shares. The stock had previously closed at $106.30.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on XOM. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday, December 12th. Redburn Atlantic reiterated a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, Piper Sandler cut their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.74.

Exxon Mobil Trading Up 0.1 %

The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market cap of $467.64 billion, a PE ratio of 13.25, a PEG ratio of 4.70 and a beta of 0.89. The firm has a fifty day simple moving average of $116.85 and a two-hundred day simple moving average of $116.09.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same period in the previous year, the firm earned $2.27 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. Equities analysts forecast that Exxon Mobil Co. will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.72%. Exxon Mobil’s dividend payout ratio is 49.32%.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds have recently made changes to their positions in the company. Fairway Wealth LLC purchased a new position in Exxon Mobil during the second quarter valued at $35,000. Anfield Capital Management LLC raised its holdings in 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 worth $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $39,000. POM Investment Strategies LLC raised its holdings in 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 last quarter. Finally, Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the 2nd quarter valued at approximately $46,000. 61.80% of the stock is currently owned by 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.