Exxon Mobil Co. (NYSE:XOM - Get Free Report)'s stock price rose 0.1% during trading on Thursday . The company traded as high as $119.06 and last traded at $119.05. Approximately 2,426,175 shares traded hands during trading, a decline of 86% from the average daily volume of 17,207,588 shares. The stock had previously closed at $118.95.
Wall Street Analysts Forecast Growth
XOM has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They set an "outperform" rating and a $146.00 price objective on the stock. UBS Group raised their price objective on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a "buy" rating in a report on Tuesday, June 25th. Piper Sandler raised their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, April 18th. Royal Bank of Canada restated a "sector perform" rating and set a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Finally, TD Cowen raised their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of "Moderate Buy" and an average target price of $134.39.
Get Our Latest Research Report on XOM
Exxon Mobil Trading Up 0.6 %
The company has a market cap of $468.15 billion, a P/E ratio of 14.55, a P/E/G ratio of 4.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The business's 50-day moving average price is $114.58 and its 200 day moving average price is $113.23.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. Exxon Mobil's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.94 EPS. As a group, analysts expect that Exxon Mobil Co. will post 8.65 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Thursday, August 15th. Exxon Mobil's dividend payout ratio is currently 46.57%.
Institutional Trading of Exxon Mobil
A number of institutional investors have recently bought and sold shares of XOM. Comerica Bank raised its position in shares of Exxon Mobil by 5.4% in the 2nd quarter. Comerica Bank now owns 1,570,767 shares of the oil and gas company's stock valued at $180,827,000 after buying an additional 80,818 shares in the last quarter. Beaird Harris Wealth Management LLC raised its position in shares of Exxon Mobil by 297.3% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 35,145 shares of the oil and gas company's stock valued at $4,046,000 after buying an additional 26,300 shares in the last quarter. Security National Bank of SO Dak raised its position in shares of Exxon Mobil by 4.8% in the 2nd quarter. Security National Bank of SO Dak now owns 24,858 shares of the oil and gas company's stock valued at $2,862,000 after buying an additional 1,148 shares in the last quarter. Smith Thornton Advisors LLC acquired a new position in Exxon Mobil during the 2nd quarter worth approximately $1,709,000. Finally, First County Bank CT increased its position in Exxon Mobil by 16.9% during the 2nd quarter. First County Bank CT now owns 46,506 shares of the oil and gas company's stock worth $5,354,000 after purchasing an additional 6,728 shares in the last quarter. Institutional investors own 61.80% of the company's stock.
Exxon Mobil Company Profile
(Get Free Report)
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.
Featured Stories
- Five stocks we like better than Exxon Mobil
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Michael Burry's Alibaba Bet and the Broader Market Implications
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Jeff Brown's Exegesis AI Stock Picks
- How to Calculate Stock Profit
- Warren Buffett’s Bet: Why Berkshire Hathaway Bought Ulta Stock
→ I wish people would stop doomsplaining to me (From Porter & Company) (Ad)
Should you invest $1,000 in Exxon Mobil right now?
Before you consider Exxon Mobil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.
While Exxon Mobil currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
12 Stocks Corporate Insiders are Abandoning
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
