ExxonMobil (NYSE:XOM) Trading 2.6% Higher – What’s Next?

ExxonMobil Corporation (NYSE:XOMGet Free Report) shot up 2.6% during trading on Tuesday . The company traded as high as $165.67 and last traded at $165.62. 18,917,816 shares changed hands during trading, a decline of 1% from the average daily volume of 19,167,191 shares. The stock had previously closed at $161.46.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of analyst reports. Zacks Research cut shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings raised ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. TD Cowen boosted their price target on ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Mizuho reduced their price target on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Finally, Bank of America lowered ExxonMobil from a “buy” rating to a “neutral” rating and raised their price objective for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $166.10.

Get Our Latest Analysis on ExxonMobil

ExxonMobil Stock Up 1.7%

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 stock has a market capitalization of $694.45 billion, a P/E ratio of 21.57, a P/E/G ratio of 0.65 and a beta of 0.17. The stock’s 50 day simple moving average is $147.81 and its 200 day simple moving average is $151.10.

ExxonMobil (NYSE:XOMGet Free Report) last announced its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). The company had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same period in the prior year, the business earned $1.64 earnings per share. As a group, research analysts predict that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil’s payout ratio is currently 53.02%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Eagle Capital Management LLC boosted its holdings in shares of ExxonMobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares during the period. Caxton Associates LLP acquired a new stake in ExxonMobil during the first quarter worth about $305,000. Sivia Capital Partners LLC raised its stake in ExxonMobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after acquiring an additional 207 shares during the period. United Bank lifted its holdings in ExxonMobil by 2.8% in the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after acquiring an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its stake in ExxonMobil by 17.4% in the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock valued at $3,957,000 after acquiring an additional 5,443 shares during the period. Institutional investors own 61.80% of the company’s stock.

About ExxonMobil

(Get Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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