ExxonMobil (NYSE:XOM) Reaches New 1-Year High – Still a Buy?

by · The Markets Daily

ExxonMobil Corporation (NYSE:XOM – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Monday. The company traded as high as $183.75 and last traded at $181.99, with a volume of 11,514,954 shares trading hands. The stock had previously closed at $183.21.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. BMO Capital Markets upped their price objective on ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. Weiss Ratings upgraded ExxonMobil from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 29th. Bank of America downgraded ExxonMobil from a “buy” rating to a “neutral” rating and upped their price objective for the company from $154.00 to $158.00 in a research note on Tuesday, July 28th. DZ Bank cut ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a research report on Tuesday, August 4th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $178.00 target price on shares of ExxonMobil in a report on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $167.70.

Check Out Our Latest Stock Analysis on ExxonMobil

ExxonMobil Trading Up 0.6%

The stock’s 50 day moving average is $165.80 and its 200-day moving average is $155.03. 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 company has a market cap of $763.57 billion, a P/E ratio of 23.62, a PEG ratio of 0.92 and a beta of 0.21.

ExxonMobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $109.94 billion. During the same period in the previous year, the company earned $1.64 EPS. Research analysts anticipate that ExxonMobil Corporation will post 13.63 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.2%. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

Hedge Funds Weigh In On ExxonMobil

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mason & Associates LLC acquired a new stake in ExxonMobil in the third quarter valued at approximately $233,000. Motive Wealth Advisors purchased a new position in ExxonMobil during the third quarter worth approximately $710,000. Leo Wealth LLC purchased a new stake in shares of ExxonMobil during the third quarter worth approximately $2,095,000. Lakewood Asset Management LLC raised its position in shares of ExxonMobil by 4.0% in the third quarter. Lakewood Asset Management LLC now owns 2,560 shares of the oil and gas company’s stock valued at $417,000 after buying an additional 99 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in shares of ExxonMobil by 15.6% in the third quarter. Apollon Wealth Management LLC now owns 231,907 shares of the oil and gas company’s stock valued at $37,743,000 after purchasing an additional 31,325 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

About ExxonMobil

(Get Free Report)

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.

Featured Stories