Exxon Mobil (NYSE:XOM) Trading 0.2% Higher – What’s Next?

Exxon Mobil Co. (NYSE:XOM)’s share price 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 trading, a decline of 86% from the average session volume of 16,346,235 shares. The stock had previously closed at $117.28.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday. The Goldman Sachs Group raised their price target on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday. Sanford C. Bernstein dropped their price target on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Bank of America started coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Finally, Barclays decreased their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $130.37.

Exxon Mobil Stock Performance

The firm has a market capitalization of $470.60 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 4.83 and a beta of 0.89. 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 stock has a 50-day moving average price of $117.70 and a 200-day moving average price of $116.40.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period in the previous year, the company earned $1.94 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 8.05 EPS for the current fiscal year.

Institutional Trading of Exxon Mobil

Hedge funds and other institutional investors have recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil in the first quarter valued at about $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the second quarter valued at approximately $35,000. Anfield Capital Management LLC boosted its stake 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 valued at $37,000 after acquiring an additional 252 shares during the period. Fairscale Capital LLC acquired a new position in Exxon Mobil in the second quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC boosted its stake in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the period. 61.80% of the stock is 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.