Exxon Mobil (NYSE:XOM) Trading Up 0.4% – Time to Buy?

Exxon Mobil Co. (NYSE:XOM) shares traded up 0.4% during mid-day trading on Friday . The company traded as high as $123.21 and last traded at $122.40. 2,283,897 shares changed hands during trading, a decline of 86% from the average session volume of 16,212,346 shares. The stock had previously closed at $121.93.

Analyst Ratings Changes

A number of brokerages recently commented on XOM. Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a report on Thursday, October 31st. UBS Group lowered their target price on shares of Exxon Mobil from $157.00 to $149.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Royal Bank of Canada restated a “sector perform” rating and set a $120.00 price target on shares of Exxon Mobil in a research note on Monday, November 4th. Finally, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $129.00 to $145.00 in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.21.

Exxon Mobil Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company’s 50 day moving average price is $119.39 and its 200 day moving average price is $116.54. The firm has a market capitalization of $535.28 billion, a P/E ratio of 15.17, a PEG ratio of 5.10 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 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01. The company 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 business’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm earned $2.27 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 7.96 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.25%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s payout ratio is 49.32%.

Institutional Trading of Exxon Mobil

A number of institutional investors have recently bought and sold shares of the business. Fairway Wealth LLC acquired a new position in Exxon Mobil in the second quarter valued at about $35,000. Anfield Capital Management LLC raised its position in shares of Exxon Mobil by 360.0% in the 2nd 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 bought a new position in Exxon Mobil during the 2nd quarter worth approximately $39,000. POM Investment Strategies LLC grew its holdings in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC bought a new stake in Exxon Mobil in the second quarter valued at approximately $46,000. Institutional investors and hedge funds 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.