Exxon Mobil (NYSE:XOM) shares rose 1.6%

Shares of Exxon Mobil Co. (NYSE:XOM – Get Free Report ) was up 1.6% during mid-day trading on Wednesday. The company traded as high as $122.82 and last traded at $121.79. 4,609,358 shares traded hands during mid-day trading, down 73% from the session’s average volume of 16,780,645 shares. Shares previously closed at $119.93.

The Wall Street analyst weighs in

A number of research analysts have commented on the stock. Wolfe Research initiated coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Barclays decreased their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.75.

Check out our latest analysis of Exxon Mobil

Exxon Mobil stock performance

The stock has a market cap of $474.46 billion, a price-to-earnings ratio of 14.93, a PEG ratio of 4.86 and a beta of 0.90. The firm has a fifty day simple moving average of $115.93 and a 200 day simple moving average of $115.81. The company has a current ratio of 1.36, a quick ratio of 1.01, and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM – Get Your Free Report ) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The firm had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. In the same quarter last year, the company earned $1.94 per share. The company’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts expect Exxon Mobil Co. to post 8.06 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a dividend of $3.80 on an annualized basis and a yield of 3.16%. The ex-dividend date was Thursday, August 15. Exxon Mobil’s payout ratio is 46.57%.

Exxon Mobil Institutional Trading

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Exxon Mobil by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock valued at $38,846,569,000 after buying an additional 1,269,495 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after purchasing an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Exxon Mobil by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock valued at $4,640,756,000 after acquiring an additional 4,080,716 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after acquiring an additional 5,235,607 shares in the last quarter. 61.80% of shares are currently owned by institutional investors.

Exxon Mobil Company Profile

(Get a free report)

Exxon Mobil Corporation is engaged in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through the Upstream, Energy Products, Chemicals and Specialty Products segments. The Upstream segment explores and produces crude oil and natural gas.

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