Exxon Mobil (NYSE:XOM) Stock Price Up 0.4%

Exxon Mobil Co. (NYSE:XOM) shot up 0.4% on Thursday . The company traded as high as $115.28 and last traded at $114.50. 5,913,444 shares changed hands during trading, a decline of 65% from the average session volume of 16,805,674 shares. The stock had previously closed at $114.06.

Wall Street Analyst Weigh In

Several research firms have issued reports on XOM. Truist Financial cut their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Wells Fargo & Company cut their price objective on shares of Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Morgan Stanley reissued an “overweight” rating and set a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a report on Monday, August 5th. Finally, Sanford C. Bernstein decreased their price objective on Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $136.29.

Exxon Mobil Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The company has a market cap of $444.38 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 4.70 and a beta of 0.91. The company’s fifty day moving average is $115.94 and its two-hundred day moving average is $114.72.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data 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. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 8.37 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Hedge Funds Weigh In On Exxon Mobil

Several large investors have recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil in the first quarter worth about $25,000. First Pacific Financial acquired a new position in Exxon Mobil in the 1st quarter worth about $34,000. Fairway Wealth LLC purchased a new position in Exxon Mobil during the second quarter worth approximately $35,000. Anfield Capital Management LLC grew its holdings in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the period. Finally, Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil in the second quarter valued at approximately $39,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.