Exxon Mobil Co. (NYSE:XOM - Get Free Report) shares shot up 1.6% on Wednesday . The company traded as high as $117.02 and last traded at $115.94. 3,489,673 shares were traded during trading, a decline of 80% from the average session volume of 17,390,615 shares. The stock had previously closed at $114.16.
Analysts Set New Price Targets
XOM has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an "overweight" rating for the company in a report on Monday. 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. Scotiabank upped their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a "sector perform" rating in a report on Thursday, April 11th. Mizuho boosted their target price on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a "neutral" rating in a research note on Monday, May 13th. Finally, Wolfe Research initiated coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They set an "outperform" rating and a $146.00 price objective for the company. Eight 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.39.
Read Our Latest Stock Report on XOM
Exxon Mobil Stock Up 1.3 %
The firm has a market cap of $456.13 billion, a PE ratio of 14.22, a PEG ratio of 4.51 and a beta of 0.91. The stock has a fifty day moving average price of $114.03 and a 200-day moving average price of $112.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.
Exxon Mobil (NYSE:XOM - Get Free Report) last released 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. The firm had revenue of $93.06 billion during the quarter, compared to analysts' expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. Exxon Mobil'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 EPS. Research analysts expect that Exxon Mobil Co. will post 8.65 EPS for the current year.
Exxon Mobil Announces Dividend
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 $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, August 15th. Exxon Mobil's payout ratio is 46.57%.
Hedge Funds Weigh In On Exxon Mobil
Institutional investors have recently made changes to their positions in the business. Carmel Capital Partners LLC raised its position in shares of Exxon Mobil by 1.0% during the 1st quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company's stock valued at $1,022,000 after acquiring an additional 86 shares in the last quarter. Integral Investment Advisors Inc. raised its position in shares of Exxon Mobil by 2.1% during the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company's stock valued at $483,000 after acquiring an additional 87 shares in the last quarter. Mascoma Wealth Management LLC raised its position in shares of Exxon Mobil by 7.0% during the 2nd quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company's stock valued at $155,000 after acquiring an additional 88 shares in the last quarter. PFS Partners LLC raised its position in shares of Exxon Mobil by 0.5% during the 1st quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company's stock valued at $2,190,000 after acquiring an additional 89 shares in the last quarter. Finally, Bay Rivers Group raised its position in shares of Exxon Mobil by 2.5% during the 1st quarter. Bay Rivers Group now owns 3,747 shares of the oil and gas company's stock valued at $436,000 after acquiring an additional 90 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Company Profile
(Get Free Report)
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.
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