ExxonMobil (NYSE:XOM) Shares Up 1.8% – What’s Next?

Shares of ExxonMobil Corporation (NYSE:XOM) shot up 1.8% on Monday. The company traded as high as $172.55 and last traded at $172.0170. 8,762,062 shares were traded during trading, a decline of 52% from the average daily volume of 18,074,795 shares. The stock had previously closed at $168.94.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent analyst reports. Barclays cut their price objective on shares of ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a report on Monday, August 17th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $182.00 price target on shares of ExxonMobil in a report on Thursday, October 1st. DZ Bank downgraded ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research note on Tuesday, August 4th. Mizuho cut their price objective on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. Finally, Weiss Ratings upgraded ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. Eleven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $164.78.

ExxonMobil Price Performance

The stock has a market cap of $713.00 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 0.99 and a beta of 0.21. The stock’s 50 day moving average price is $161.67 and its two-hundred day moving average price is $154.18. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same quarter in the prior year, the firm earned $1.64 earnings per share. Equities research analysts forecast that ExxonMobil Corporation will post 12.40 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil’s payout ratio is 53.02%.

Institutional Trading of ExxonMobil

A number of hedge funds have recently modified their holdings of the stock. jvl associates llc raised its holdings in shares of ExxonMobil by 2.6% in the 3rd quarter. jvl associates llc now owns 2,862 shares of the oil and gas company’s stock valued at $466,000 after purchasing an additional 73 shares in the last quarter. Market Street Wealth Management Advisors LLC lifted its position in shares of ExxonMobil by 42.6% during the 3rd quarter. Market Street Wealth Management Advisors LLC now owns 2,621 shares of the oil and gas company’s stock worth $427,000 after purchasing an additional 783 shares during the last quarter. Baring Financial LLC lifted its position in shares of ExxonMobil by 8.4% during the 3rd quarter. Baring Financial LLC now owns 6,220 shares of the oil and gas company’s stock worth $1,012,000 after purchasing an additional 484 shares during the last quarter. Colton Groome Financial Advisors LLC grew its stake in shares of ExxonMobil by 2.5% during the third quarter. Colton Groome Financial Advisors LLC now owns 3,668 shares of the oil and gas company’s stock worth $597,000 after purchasing an additional 91 shares in the last quarter. Finally, Byrne Asset Management LLC grew its stake in shares of ExxonMobil by 11.5% during the third quarter. Byrne Asset Management LLC now owns 9,752 shares of the oil and gas company’s stock worth $1,598,000 after purchasing an additional 1,002 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

About ExxonMobil

Exxon Mobil Corporation, commonly known as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and sale of crude oil and natural gas. The company also manufactures and markets fuels, lubricants, petrochemicals and specialty products used in transportation, industrial and consumer applications.

ExxonMobil operates across the energy value chain through businesses that include upstream oil and natural gas production, refining and fuels marketing, chemical manufacturing, and lower-carbon solutions.