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

ExxonMobil Corporation (NYSE:XOM) was up 1.8% during mid-day trading on Monday. The company traded as high as $172.55 and last traded at $172.0170. Approximately 8,762,062 shares changed hands during trading, a decline of 52% from the average session volume of 18,074,795 shares. The stock had previously closed at $168.94.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on XOM. DZ Bank lowered ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a research report on Tuesday, August 4th. Jefferies Financial Group upped their price target on ExxonMobil from $184.00 to $200.00 and gave the company a “buy” rating in a report on Monday, August 17th. JPMorgan Chase & Co. increased their price target on shares of ExxonMobil from $158.00 to $166.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. HSBC reissued a “hold” rating and set a $90.00 price objective on shares of ExxonMobil in a report on Friday, September 25th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st. Eleven investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, ExxonMobil has an average rating of “Hold” and an average target price of $164.78.

ExxonMobil Price Performance

The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $713.00 billion, a PE ratio of 22.14, a P/E/G ratio of 0.99 and a beta of 0.21. The company has a fifty day moving average price of $161.67 and a two-hundred day moving average price of $154.18.

ExxonMobil (NYSE:XOM) last announced 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). The firm had revenue of $114.53 billion during the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period last year, the company earned $1.64 earnings per share. Sell-side analysts forecast that ExxonMobil Corporation will post 12.40 earnings per share for the current year.

ExxonMobil Dividend Announcement

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

Institutional Investors Weigh In On ExxonMobil

Several large investors have recently modified their holdings of XOM. Assetmark Inc. grew its holdings in shares of ExxonMobil by 8.3% during the first quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock worth $83,525,000 after buying an additional 37,666 shares during the last quarter. Charles Schwab Trust Co raised its stake in ExxonMobil by 392.9% during the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock valued at $16,710,000 after acquiring an additional 97,424 shares during the last quarter. CV Advisors LLC raised its stake in ExxonMobil by 126.7% during the 2nd quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock valued at $1,584,000 after acquiring an additional 6,478 shares during the last quarter. Midwest Trust Co lifted its position in ExxonMobil by 3.9% during the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after acquiring an additional 26,411 shares during the period. Finally, Ameritas Advisory Services LLC lifted its position in ExxonMobil by 32.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 33,303 shares of the oil and gas company’s stock worth $4,553,000 after acquiring an additional 8,203 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

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.