Exxon Mobil (NYSE:XOM) Stock Price Up 1.6%

Shares of Exxon Mobil Co. (NYSE:XOM) rose 1.6% during mid-day trading on Wednesday . The stock traded as high as $117.02 and last traded at $115.94. Approximately 3,489,673 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 17,390,615 shares. The stock had previously closed at $114.16.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent analyst reports. Scotiabank upped their price target on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. UBS Group increased their target price on Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Truist Financial cut their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating for the company in a report on Monday, July 22nd. Morgan Stanley reiterated an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Finally, Wolfe Research began coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $134.39.

Exxon Mobil Trading Up 1.6 %

The firm has a market cap of $457.43 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 4.51 and a beta of 0.91. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company’s fifty day moving average price is $114.03 and its two-hundred day moving average price is $112.52.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the previous year, the business earned $1.94 EPS. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.28%. Exxon Mobil’s payout ratio is presently 46.57%.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors have recently modified their holdings of XOM. Coldstream Capital Management Inc. grew its holdings in Exxon Mobil by 9.6% during the second quarter. Coldstream Capital Management Inc. now owns 119,268 shares of the oil and gas company’s stock valued at $13,730,000 after purchasing an additional 10,471 shares during the period. Eubel Brady & Suttman Asset Management Inc. increased its position in shares of Exxon Mobil by 37.7% in the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 9,390 shares of the oil and gas company’s stock valued at $1,081,000 after buying an additional 2,571 shares in the last quarter. Gryphon Financial Partners LLC lifted its holdings in Exxon Mobil by 15.4% during the second quarter. Gryphon Financial Partners LLC now owns 23,350 shares of the oil and gas company’s stock worth $2,688,000 after acquiring an additional 3,110 shares in the last quarter. Redwood Financial Network Corp lifted its holdings in shares of Exxon Mobil by 2.7% during the 2nd quarter. Redwood Financial Network Corp now owns 5,260 shares of the oil and gas company’s stock valued at $606,000 after purchasing an additional 138 shares in the last quarter. Finally, Seaview Investment Managers LLC increased its stake in Exxon Mobil by 19.8% during the 2nd quarter. Seaview Investment Managers LLC now owns 81,700 shares of the oil and gas company’s stock worth $9,405,000 after purchasing an additional 13,513 shares in the last quarter. 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.