Exxon Mobil (NYSE:XOM) Given New $123.00 Price Target at Bank of America

Exxon Mobil (NYSE:XOMGet Rating) had its price objective increased by Bank of America from $120.00 to $123.00 in a research note released on Monday, The Fly reports. They currently have a buy rating on the oil and gas company’s stock.

A number of other analysts also recently weighed in on the company. Morgan Stanley decreased their price objective on Exxon Mobil from $107.00 to $106.00 and set an overweight rating for the company in a report on Tuesday, July 19th. Credit Suisse Group raised shares of Exxon Mobil from a neutral rating to an outperform rating and increased their price objective for the stock from $115.00 to $125.00 in a research report on Tuesday, June 21st. Truist Financial cut their price objective on shares of Exxon Mobil from $86.00 to $83.00 and set a hold rating on the stock in a research report on Tuesday, July 19th. HSBC increased their price objective on shares of Exxon Mobil from $92.50 to $97.50 and gave the stock a hold rating in a research report on Wednesday, July 20th. Finally, Barclays increased their price objective on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an overweight rating in a research report on Tuesday, May 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $94.86.

Exxon Mobil Stock Down 2.5 %

Shares of NYSE:XOM opened at $94.48 on Monday. The company has a fifty day moving average of $91.41 and a 200-day moving average of $85.60. The company has a market capitalization of $398.00 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 0.34 and a beta of 1.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. Exxon Mobil has a 52-week low of $52.10 and a 52-week high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.74 by $0.40. The business had revenue of $115.68 billion during the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. Exxon Mobil’s quarterly revenue was up 70.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. On average, equities analysts predict that Exxon Mobil will post 11.98 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 12th will be paid a dividend of $0.88 per share. The ex-dividend date is Thursday, August 11th. This represents a $3.52 annualized dividend and a dividend yield of 3.73%. Exxon Mobil’s payout ratio is currently 38.51%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,147 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Darrin L. Talley sold 2,147 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total transaction of $241,625.00. Following the sale, the vice president now owns 32,510 shares of the company’s stock, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by company insiders.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently made changes to their positions in XOM. Marcum Wealth LLC increased its position in shares of Exxon Mobil by 19.1% during the first quarter. Marcum Wealth LLC now owns 29,415 shares of the oil and gas company’s stock valued at $2,429,000 after buying an additional 4,711 shares during the period. Minot Wealth Management LLC increased its position in shares of Exxon Mobil by 15.5% during the first quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company’s stock valued at $3,378,000 after buying an additional 5,477 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Exxon Mobil by 13.3% during the first quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company’s stock valued at $467,000 after buying an additional 664 shares during the period. Home Federal Bank of Tennessee increased its position in shares of Exxon Mobil by 1.1% during the first quarter. Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company’s stock valued at $1,170,000 after buying an additional 150 shares during the period. Finally, Leonard Rickey Investment Advisors P.L.L.C. increased its position in shares of Exxon Mobil by 7.1% during the first quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 7,256 shares of the oil and gas company’s stock valued at $599,000 after buying an additional 481 shares during the period. 54.07% of the stock is owned by institutional investors.

About Exxon Mobil

(Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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