Exxon Mobil (NYSE:XOM) Shares Up 0.5% - Should You Buy?

Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price rose 0.5% on Friday . The stock traded as high as $108.43 and last traded at $107.86. Approximately 3,258,399 shares traded hands during trading, a decline of 58% from the average daily volume of 7,792,758 shares. The stock had previously closed at $107.31.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. The Goldman Sachs Group raised their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. BMO Capital Markets lifted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the company a "market perform" rating in a research note on Friday, October 4th. Bank of America initiated coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price target on the stock. Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research note on Thursday, October 3rd. Finally, Truist Financial reduced their price target on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $128.74.

Exxon Mobil Stock Performance

The stock has a market cap of $474.05 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 4.65 and a beta of 0.89. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $114.69 and a 200 day simple moving average of $115.77.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm had revenue of $90.02 billion during the quarter, compared to analysts' expectations of $93.98 billion. During the same period last year, the business earned $2.27 earnings per share. Exxon Mobil's quarterly revenue was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that Exxon Mobil Co. will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.67%. Exxon Mobil's dividend payout ratio (DPR) is currently 49.32%.

Hedge Funds Weigh In On Exxon Mobil

Hedge funds have recently modified their holdings of the stock. Vertex Planning Partners LLC lifted its holdings in shares of Exxon Mobil by 3.1% during the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company's stock valued at $326,000 after purchasing an additional 83 shares during the last quarter. Etfidea LLC raised its stake in Exxon Mobil by 3.3% in the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company's stock valued at $307,000 after buying an additional 85 shares during the last quarter. Bigelow Investment Advisors LLC boosted its holdings in Exxon Mobil by 0.6% in the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company's stock worth $1,559,000 after acquiring an additional 86 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its stake in shares of Exxon Mobil by 15.2% during the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company's stock worth $76,000 after acquiring an additional 87 shares during the last quarter. Finally, First Heartland Consultants Inc. increased its holdings in shares of Exxon Mobil by 0.9% during the third quarter. First Heartland Consultants Inc. now owns 9,451 shares of the oil and gas company's stock valued at $1,108,000 after acquiring an additional 87 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

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.