Exxon Mobil (NYSE:XOM) Trading Up 1.8% Following Analyst Upgrade

Exxon Mobil Corporation (NYSE:XOM)’s share price rose 1.8% during trading on Tuesday after Jefferies Financial Group raised their price target on the stock from $146.00 to $148.00. Jefferies Financial Group currently has a buy rating on the stock. Exxon Mobil traded as high as $120.47 and last traded at $118.0950. Approximately 23,782,192 shares traded hands during trading, an increase of 48% from the average daily volume of 16,075,354 shares. The stock had previously closed at $115.98.

A number of other research analysts have also recently issued reports on XOM. Wells Fargo & Company started coverage on shares of Exxon Mobil in a report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective for the company. Mizuho decreased their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Morgan Stanley increased their target price on Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a research note on Wednesday. Piper Sandler upped their price target on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.48.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently modified their holdings of the stock. Westfuller Advisors LLC bought a new position in shares of Exxon Mobil during the third quarter worth approximately $30,000. Elequin Capital LP acquired a new position in Exxon Mobil in the first quarter valued at about $31,000. Game Plan Financial Advisors LLC raised its stake in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil during the second quarter worth about $38,000. Finally, Bare Financial Services Inc increased its holdings in Exxon Mobil by 121.8% in the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 201 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.1%

The firm’s fifty day simple moving average is $115.33 and its 200 day simple moving average is $112.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The stock has a market capitalization of $503.93 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.49 and a beta of 0.38.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business had revenue of $57.55 billion for the quarter. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is 59.88%.

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.