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TheStreet Wire

Dow Today: Exxon Mobil Corporation (XOM) Higher

By TheStreet Wire 06/06/12 - 02:00 PM EDT

Find out if (XOM) is in Cramer's Portfolio.

The Dow Jones Industrial Average (^DJI) is trading up 218 points (+1.8%) at 12,345 as of Wednesday, Jun 6, 2012, 1:35 p.m. ET. During this time, 497 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 732.3 million. The NYSE advances/declines ratio sits at 2,663 issues advancing vs. 344 declining with 66 unchanged.

The Dow component leading the way higher looks to be Exxon Mobil Corporation (NYSE:XOM), which is sporting a $1.90 gain (+2.4%) bringing the stock to $79.50. This single gain is lifting the Dow Jones Industrial Average by 14.38 points or roughly accounting for 6.6% of the Dow's overall gain. Volume for Exxon Mobil Corporation currently sits at 11.6 million shares traded vs. an average daily trading volume of 15.7 million shares.

Exxon Mobil Corporation has a market cap of $363.95 billion and is part of the basic materials sector and energy industry. Shares are down 8.2% year to date as of Tuesday's close. The stock's dividend yield sits at 2.8%.

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products, as well as transportation and sale of crude oil, natural gas, and petroleum products. The company has a P/E ratio of 9.4, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Exxon Mobil Corporation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full Exxon Mobil Ratings Report.

For more information on Dow Jones Industrial Average click any of the following:

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