Exxon Mobil (NYSE:XOM) Shares Up 0.7% – Time to Buy?

Exxon Mobil Co. (NYSE:XOM) shares rose 0.7% on Friday . The company traded as high as $107.99 and last traded at $107.26. Approximately 2,791,484 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 16,303,050 shares. The stock had previously closed at $106.49.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on XOM shares. Bank of America began coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Truist Financial dropped their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Mizuho reduced their price target 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, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $128.74.

Exxon Mobil Trading Down 0.2 %

The company has a fifty day simple moving average of $116.01 and a 200-day simple moving average of $115.91. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market cap of $467.29 billion, a price-to-earnings ratio of 13.24, a P/E/G ratio of 4.70 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.27 EPS. On average, research analysts forecast that Exxon Mobil Co. will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.72%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

Institutional Trading of Exxon Mobil

Several large investors have recently made changes to their positions in XOM. Garden State Investment Advisory Services LLC grew its stake in Exxon Mobil by 3.2% in the third quarter. Garden State Investment Advisory Services LLC now owns 9,352 shares of the oil and gas company’s stock valued at $1,097,000 after acquiring an additional 294 shares during the period. Copley Financial Group Inc. acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $461,000. American Trust grew its position in shares of Exxon Mobil by 18.7% in the 3rd quarter. American Trust now owns 4,240 shares of the oil and gas company’s stock valued at $497,000 after acquiring an additional 667 shares during the period. Old North State Trust LLC increased its position in Exxon Mobil by 7.7% during the third quarter. Old North State Trust LLC now owns 9,480 shares of the oil and gas company’s stock worth $1,111,000 after buying an additional 681 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after purchasing an additional 4,415,012 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

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.