Exxon Mobil (NYSE:XOM) Stock Price Up 2.2% - Should You Buy?

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s share price shot up 2.2% during mid-day trading on Tuesday . The stock traded as high as $107.15 and last traded at $107.28. 3,830,761 shares changed hands during trading, a decline of 75% from the average session volume of 15,514,797 shares. The stock had previously closed at $104.97.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XOM. Piper Sandler cut shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. UBS Group lowered their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Barclays reiterated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Finally, Mizuho decreased their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.50.

Exxon Mobil Price Performance

The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $482.95 billion, a PE ratio of 14.29, a PEG ratio of 3.02 and a beta of 0.49. The firm's 50-day moving average is $105.28 and its 200-day moving average is $108.82.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.06 EPS. On average, equities analysts anticipate that Exxon Mobil Co. will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

Institutional Trading of Exxon Mobil

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantinno Capital Management LP boosted its position in shares of Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after buying an additional 110,772 shares during the period. Accredited Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter valued at about $55,000. Legacy Trust grew its holdings in Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after purchasing an additional 997 shares during the last quarter. Renasant Bank boosted its holdings in Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after acquiring an additional 493 shares in the last quarter. Finally, Paradigm Capital Management LLC NV lifted its stake in shares of Exxon Mobil by 1.6% during the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after buying an additional 227 shares during the period. 61.80% of the stock is currently owned by institutional investors.

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.