Exxon Mobil (NYSE:XOM) Stock Price Up 1.2% – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM) shot up 1.2% on Thursday . The stock traded as high as $111.14 and last traded at $110.79. 2,683,196 shares were traded during mid-day trading, a decline of 81% from the average session volume of 14,495,159 shares. The stock had previously closed at $109.53.

Analyst Ratings Changes

Several analysts have recently commented on the stock. BMO Capital Markets increased their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. UBS Group decreased their target price on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Wolfe Research increased their price target on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Mizuho cut their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. One research analyst has rated the stock with a sell rating, seven have assigned 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, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The company has a market cap of $477.48 billion, a P/E ratio of 13.53, a P/E/G ratio of 2.86 and a beta of 0.91. The firm’s fifty day moving average is $111.56 and its two-hundred day moving average is $115.38.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the company posted $2.27 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 7.77 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently modified their holdings of XOM. Hershey Financial Advisers LLC purchased a new position in shares of Exxon Mobil during the second quarter valued at about $46,000. Retirement Wealth Solutions LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. Peterson Financial Group Inc. purchased a new position in Exxon Mobil during the 3rd quarter valued at approximately $51,000. Highline Wealth Partners LLC bought a new stake in Exxon Mobil in the 3rd quarter worth approximately $54,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Exxon Mobil in the 3rd quarter worth approximately $63,000. Institutional investors 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.