Exxon Mobil (NYSE:XOM) Stock Price Up 0.5% – Should You Buy?

Exxon Mobil Co. (NYSE:XOM)’s share price traded up 0.5% during trading on Friday . The company traded as high as $118.28 and last traded at $118.21. 2,290,482 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 16,217,232 shares. The stock had previously closed at $117.66.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on XOM. Redburn Atlantic reissued a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Royal Bank of Canada decreased their price target on Exxon Mobil from $120.00 to $115.00 and set a “sector perform” rating for the company in a report on Tuesday. Scotiabank upgraded shares of 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. Finally, BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target on the stock. in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Price Performance

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 business’s fifty day moving average is $119.70 and its 200 day moving average is $116.57. The firm has a market capitalization of $519.85 billion, a P/E ratio of 14.72, a P/E/G ratio of 4.94 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the firm posted $2.27 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 7.94 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in XOM. Jacobs Levy Equity Management Inc. increased its stake in shares of Exxon Mobil by 29.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 3,352 shares of the oil and gas company’s stock worth $390,000 after purchasing an additional 762 shares during the last quarter. Pathway Financial Advisers LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth $461,000. Clear Rock Advisors LLC increased its stake in shares of Exxon Mobil by 65.9% during the 1st quarter. Clear Rock Advisors LLC now owns 7,551 shares of the oil and gas company’s stock worth $878,000 after purchasing an additional 3,000 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Exxon Mobil by 103.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 24,973 shares of the oil and gas company’s stock worth $2,954,000 after purchasing an additional 12,723 shares during the last quarter. Finally, OMC Financial Services LTD acquired a new position in shares of Exxon Mobil during the 1st quarter worth $954,000. Institutional investors and hedge funds 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.