Exxon Mobil (NYSE:XOM) Trading 1.3% Higher - Still a Buy?

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s share price traded up 1.3% during mid-day trading on Friday . The company traded as high as $112.53 and last traded at $111.14. 9,349,072 shares were traded during mid-day trading, a decline of 40% from the average session volume of 15,604,576 shares. The stock had previously closed at $109.73.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Mizuho cut their target price on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler downgraded shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Trading Up 2.1%

The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The stock has a market cap of $482.95 billion, a P/E ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49. The firm's 50-day simple moving average is $105.51 and its 200 day simple moving average is $108.72.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The business's revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted $2.06 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Thursday, May 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 52.52%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tallon Kerry Patrick acquired a new stake in Exxon Mobil during the fourth quarter valued at approximately $789,000. Union Bancaire Privee UBP SA acquired a new stake in Exxon Mobil during the fourth quarter valued at approximately $48,348,000. SOA Wealth Advisors LLC. lifted its stake in Exxon Mobil by 29.5% during the fourth quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock valued at $753,000 after purchasing an additional 1,595 shares during the last quarter. Peterson Wealth Services lifted its stake in Exxon Mobil by 5.2% during the fourth quarter. Peterson Wealth Services now owns 22,105 shares of the oil and gas company's stock valued at $2,378,000 after purchasing an additional 1,097 shares during the last quarter. Finally, Strengthening Families & Communities LLC lifted its stake in Exxon Mobil by 4.2% during the fourth quarter. Strengthening Families & Communities LLC now owns 31,957 shares of the oil and gas company's stock valued at $3,438,000 after purchasing an additional 1,297 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

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.