Exxon Mobil (NYSE:XOM) Shares Up 1.1% – What’s Next?

Exxon Mobil Corporation (NYSE:XOM) was up 1.1% during trading on Wednesday . The company traded as high as $119.87 and last traded at $119.4950. Approximately 19,822,723 shares changed hands during mid-day trading, an increase of 23% from the average daily volume of 16,092,346 shares. The stock had previously closed at $118.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays dropped their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. BNP Paribas upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a report on Monday. Mizuho cut their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Morgan Stanley raised their price target on Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Wells Fargo & Company started coverage on Exxon Mobil in a research note on Friday, October 17th. They issued an “overweight” rating and a $156.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $128.48.

Exxon Mobil Trading Up 1.1%

The company’s 50 day simple moving average is $115.18 and its 200 day simple moving average is $111.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The firm has a market cap of $503.93 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.47 and a beta of 0.38.

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 (EPS) for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The business had revenue of $57.55 billion for the quarter. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Institutional Trading of Exxon Mobil

Several hedge funds have recently added to or reduced their stakes in XOM. Westfuller Advisors LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth $30,000. Elequin Capital LP purchased a new position in Exxon Mobil in the first quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC lifted its holdings in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil during the 2nd quarter worth about $38,000. Institutional investors and hedge funds 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.