Exxon Mobil (NYSE:XOM) Shares Up 0.3% – Here’s What Happened

Exxon Mobil Co. (NYSE:XOM) was up 0.3% during mid-day trading on Wednesday . The company traded as high as $108.54 and last traded at $108.42. Approximately 2,928,695 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 14,617,070 shares. The stock had previously closed at $108.04.

Analyst Ratings Changes

A number of analysts recently issued reports on XOM shares. JPMorgan Chase & Co. lowered their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Bernstein Bank boosted their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday. Wolfe Research boosted their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Morgan Stanley boosted their price target on Exxon Mobil from $139.00 to $140.00 in a report on Friday. Finally, HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.30.

Exxon Mobil Price Performance

The firm has a 50-day simple moving average of $110.66 and a two-hundred day simple moving average of $115.29. The company has a market capitalization of $469.48 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 2.84 and a beta of 0.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. During the same period last year, the firm earned $2.48 EPS. As a group, analysts predict that Exxon Mobil Co. will post 7.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors have recently modified their holdings of the business. Keystone Financial Group Inc. acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at about $36,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil in the 4th quarter worth about $46,000. Compass Financial Services Inc acquired a new stake in Exxon Mobil in the 4th quarter worth about $48,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil in the 3rd quarter worth about $51,000. Finally, Highline Wealth Partners LLC acquired a new stake in Exxon Mobil in the 3rd quarter worth about $54,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.