Exxon Mobil (NYSE:XOM) Stock Price Up 0.8%

Exxon Mobil Co. (NYSE:XOM) shares rose 0.8% during trading on Friday . The stock traded as high as $112.47 and last traded at $112.09. Approximately 1,652,692 shares changed hands during trading, a decline of 90% from the average daily volume of 16,829,137 shares. The stock had previously closed at $111.23.

Analysts Set New Price Targets

XOM has been the subject of several research reports. UBS Group boosted their price target on Exxon Mobil from $156.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. 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. Royal Bank of Canada restated a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Wolfe Research initiated coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price for the company. Finally, Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.29.

Exxon Mobil Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The stock has a market capitalization of $438.23 billion, a PE ratio of 13.74, a P/E/G ratio of 4.38 and a beta of 0.90. The firm’s 50 day moving average is $115.70 and its two-hundred day moving average is $114.94.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $1.94 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.42%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds and other institutional investors have recently modified their holdings of the company. Patron Partners LLC boosted its holdings in Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after purchasing an additional 2,564 shares in the last quarter. YHB Investment Advisors Inc. grew its position in shares of Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock valued at $3,770,000 after buying an additional 1,836 shares during the last quarter. Cooksen Wealth LLC acquired a new stake in Exxon Mobil during the 4th quarter worth $136,000. Mizuho Markets Americas LLC lifted its position in Exxon Mobil by 37.8% in the fourth quarter. Mizuho Markets Americas LLC now owns 41,711 shares of the oil and gas company’s stock valued at $4,170,000 after acquiring an additional 11,434 shares during the last quarter. Finally, Scarborough Advisors LLC boosted its stake in Exxon Mobil by 720.2% in the fourth quarter. Scarborough Advisors LLC now owns 15,978 shares of the oil and gas company’s stock valued at $1,597,000 after acquiring an additional 14,030 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.