Exxon Mobil (NYSE:XOM) Shares Up 2.3% – Still a Buy?

Exxon Mobil Corporation (NYSE:XOM)’s share price traded up 2.3% on Wednesday . The company traded as high as $117.62 and last traded at $117.2760. 17,983,145 shares changed hands during trading, an increase of 12% from the average session volume of 16,095,590 shares. The stock had previously closed at $114.68.

Wall Street Analyst Weigh In

A number of research firms have issued reports on XOM. Melius began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Mizuho increased their price target on shares of Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. BNP Paribas Exane raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 target price for the company in a research report on Monday, December 8th. Finally, Melius Research assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.45.

Exxon Mobil Stock Up 2.3%

The company has a market capitalization of $494.57 billion, a P/E ratio of 17.05, a P/E/G ratio of 7.42 and a beta of 0.38. The firm has a fifty day simple moving average of $115.68 and a 200-day simple moving average of $112.48. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a $1.03 dividend. The ex-dividend date was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $118.75, for a total value of $356,250.00. Following the sale, the vice president directly owned 31,584 shares of the company’s stock, valued at $3,750,600. This trade represents a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is owned by insiders.

Hedge Funds Weigh In On Exxon Mobil

Several large investors have recently modified their holdings of the business. Eagle Capital Management LLC grew its stake in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares in the last quarter. Algert Global LLC increased its stake in shares of Exxon Mobil by 8.9% in the first quarter. Algert Global LLC now owns 23,269 shares of the oil and gas company’s stock worth $2,767,000 after purchasing an additional 1,895 shares in the last quarter. Aviso Financial Inc. lifted its stake in shares of Exxon Mobil by 9.0% during the 1st quarter. Aviso Financial Inc. now owns 9,701 shares of the oil and gas company’s stock valued at $1,154,000 after buying an additional 802 shares in the last quarter. Colonial Trust Advisors lifted its position in shares of Exxon Mobil by 5.5% during the first quarter. Colonial Trust Advisors now owns 22,304 shares of the oil and gas company’s stock worth $2,653,000 after acquiring an additional 1,169 shares in the last quarter. Finally, CWS Financial Advisors LLC grew its holdings in Exxon Mobil by 5.6% during the 1st quarter. CWS Financial Advisors LLC now owns 12,730 shares of the oil and gas company’s stock valued at $1,514,000 after buying an additional 677 shares in the last quarter. Institutional investors 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.