Exxon Mobil (NYSE:XOM) Stock Price Up 0.9% – Should You Buy?

Exxon Mobil Co. (NYSE:XOM) shares traded up 0.9% during mid-day trading on Monday . The company traded as high as $112.87 and last traded at $112.37. 19,228,798 shares were traded during mid-day trading, an increase of 44% from the average session volume of 13,346,318 shares. The stock had previously closed at $111.32.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. BMO Capital Markets lifted their price target on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a report on Thursday, December 12th. BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. dropped their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given 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 a consensus rating of “Moderate Buy” and a consensus price target of $128.84.

Exxon Mobil Price Performance

The stock has a market capitalization of $490.12 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 3.01 and a beta of 0.91. The company has a fifty day simple moving average of $112.40 and a 200 day simple moving average of $115.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 EPS. Equities research analysts forecast that Exxon Mobil Co. will post 7.77 EPS 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 dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.55%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Institutional Investors Weigh In On Exxon Mobil

Large investors have recently added to or reduced their stakes in the business. Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil during the second quarter worth approximately $46,000. Retirement Wealth Solutions LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $46,000. Peterson Financial Group Inc. acquired a new stake in Exxon Mobil during the third quarter worth approximately $51,000. Highline Wealth Partners LLC acquired a new stake in Exxon Mobil during the third quarter worth approximately $54,000. Finally, Harbor Capital Advisors Inc. bought a new position in Exxon Mobil in the third quarter worth approximately $63,000. 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.