Exxon Mobil (NYSE:XOM) Shares Up 1% – Should You Buy?

17 Jan 2025, 16:54 by Amy Steele · The Cerbat Gem

Exxon Mobil Co. (NYSE:XOM – Get Free Report) was up 1% during trading on Wednesday . The company traded as high as $111.03 and last traded at $110.87. Approximately 3,101,129 shares were traded during trading, a decline of 77% from the average daily volume of 13,711,723 shares. The stock had previously closed at $109.72.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on XOM shares. Wells Fargo & Company increased their target price on shares of Exxon Mobil from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, September 27th. TD Cowen dropped their target price on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. UBS Group decreased their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Finally, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $129.00 to $145.00 in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $128.84.

Check Out Our Latest Report on XOM

Exxon Mobil Price Performance

The stock has a market capitalization of $493.89 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.70 and a beta of 0.91. The firm has a fifty day moving average price of $112.73 and a two-hundred day moving average price of $115.52. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned $2.27 EPS. On average, analysts expect that Exxon Mobil Co. will post 7.86 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.52%. Exxon Mobil’s dividend payout ratio is 49.32%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of XOM. Global Wealth Management Investment Advisory Inc. raised its position in Exxon Mobil by 10.7% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 47,195 shares of the oil and gas company’s stock worth $5,532,000 after buying an additional 4,578 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Exxon Mobil by 79.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company’s stock valued at $98,914,000 after purchasing an additional 380,399 shares during the last quarter. Blair William & Co. IL lifted its position in Exxon Mobil by 64.6% during the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company’s stock valued at $111,392,000 after purchasing an additional 379,747 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in Exxon Mobil by 4.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 133,140 shares of the oil and gas company’s stock worth $15,607,000 after purchasing an additional 5,985 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in Exxon Mobil by 36.8% in the 3rd quarter. Brooklyn Investment Group now owns 25,127 shares of the oil and gas company’s stock worth $2,945,000 after purchasing an additional 6,753 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Company Profile

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