Exxon Mobil (NYSE:XOM) Stock Price Up 2.5% - Time to Buy?

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) were up 2.5% during mid-day trading on Friday . The stock traded as high as $104.31 and last traded at $104.34. Approximately 4,589,792 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 15,493,732 shares. The stock had previously closed at $101.83.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on XOM shares. Mizuho lowered their price target 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 reiterated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Scotiabank lowered their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Piper Sandler lowered shares of Exxon Mobil from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Finally, Morgan Stanley lowered their price target 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $125.50.

Exxon Mobil Stock Up 2.4%

The company has a market capitalization of $449.45 billion, a price-to-earnings ratio of 13.30, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The firm's 50 day moving average price is $105.42 and its two-hundred day moving average price is $109.19. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

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

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 15th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 15th. Exxon Mobil's payout ratio is 52.52%.

Institutional Trading of Exxon Mobil

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantinno Capital Management LP boosted its holdings in shares of Exxon Mobil by 24.1% during the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after buying an additional 110,772 shares during the period. Accredited Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $55,000. Rockline Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock worth $2,788,000 after buying an additional 1,498 shares during the period. Renasant Bank boosted its holdings in Exxon Mobil by 5.0% in the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock valued at $1,115,000 after purchasing an additional 493 shares during the period. Finally, Paradigm Capital Management LLC NV boosted its holdings in Exxon Mobil by 1.6% in the 4th quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock valued at $1,532,000 after purchasing an additional 227 shares during the period. Institutional investors own 61.80% of the company's stock.

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.