Dow Today: Exxon Mobil Corporation (XOM) Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading up 77 points (+0.5%) at 16,341 as of Friday, Mar 28, 2014, 1:36 p.m. ET. During this time, 208.3 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 414 million. The NYSE advances/declines ratio sits at 2,334 issues advancing vs. 651 declining with 166 unchanged.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

The Dow component leading the way higher looks to be Exxon Mobil Corporation (NYSE: XOM), which is sporting a $1.54 gain (+1.6%) bringing the stock to $97.78. This single gain is lifting the Dow Jones Industrial Average by 11.66 points or roughly accounting for 15.1% of the Dow's overall gain. Volume for Exxon Mobil Corporation currently sits at 6.9 million shares traded vs. an average daily trading volume of 12.4 million shares.

Exxon Mobil Corporation has a market cap of $409.22 billion and is part of the basic materials sector and energy industry. Shares are down 4.9% year to date as of Thursday's close. The stock's dividend yield sits at 2.7%.

Exxon Mobil Corporation explores and produces for crude oil and natural gas. As of December 31, 2013, the company had approximately 37,661 gross and 31,823 net operated wells.

TheStreet Ratings rates Exxon Mobil Corporation as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Stocks Rise as Earnings Propel Wall Street Higher

Stocks Rise as Earnings Propel Wall Street Higher

Apple Suppliers Slide After European, Asian Chipmakers Echo Smartphone Concerns

Apple Suppliers Slide After European, Asian Chipmakers Echo Smartphone Concerns

Tuesday's Market Movers: CAT, UTX, KO, MMM

Tuesday's Market Movers: CAT, UTX, KO, MMM

Wall Street Is Totally Forgetting Apple Will Be Giving Away Tons of Cash in 2018

Wall Street Is Totally Forgetting Apple Will Be Giving Away Tons of Cash in 2018

Vivendi Slides After Reports Vincent Bollore Questioned in Corruption Probe

Vivendi Slides After Reports Vincent Bollore Questioned in Corruption Probe