Exxon Mobil (NYSE:XOM) Trading Up 1.2%

Exxon Mobil Co. (NYSE:XOM)’s stock price was up 1.2% during trading on Wednesday . The stock traded as high as $119.73 and last traded at $119.62. Approximately 2,046,861 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 17,412,834 shares. The stock had previously closed at $118.17.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on XOM shares. TD Cowen boosted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. 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 for the company. HSBC boosted their price objective on shares of Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Mizuho boosted their price objective on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $134.78.

Exxon Mobil Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $113.82 and its two-hundred day simple moving average is $111.86. The company has a market capitalization of $467.76 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 4.47 and a beta of 0.91.

Hedge Funds Weigh In On Exxon Mobil

A number of large investors have recently added to or reduced their stakes in XOM. FPC Investment Advisory Inc. purchased a new position in Exxon Mobil during the first quarter worth about $25,000. First Pacific Financial acquired a new stake in shares of Exxon Mobil during the first quarter valued at about $34,000. Anfield Capital Management LLC increased its position in shares of Exxon Mobil by 360.0% during the second 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 last quarter. POM Investment Strategies LLC increased its position in shares of 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 acquiring an additional 340 shares during the last quarter. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter valued at about $46,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.