Exxon Mobil Co. (NYSE:XOM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Exxon Mobil Co. (NYSE:XOMGet Rating) have received an average recommendation of “Moderate Buy” from the twenty-three brokerages that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $110.52.

A number of equities research analysts recently weighed in on the company. StockNews.com assumed coverage on Exxon Mobil in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Credit Suisse Group increased their price target on Exxon Mobil to $130.00 in a research note on Tuesday, November 1st. Piper Sandler increased their price target on Exxon Mobil from $113.00 to $131.00 and gave the company an “overweight” rating in a research note on Friday, November 11th. Morgan Stanley increased their price target on Exxon Mobil from $113.00 to $114.00 and gave the company an “overweight” rating in a research note on Wednesday, October 19th. Finally, Citigroup upped their price objective on Exxon Mobil from $98.00 to $110.00 in a report on Tuesday.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $110.47, for a total value of $276,175.00. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at $2,801,850.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

Several large investors have recently bought and sold shares of XOM. Global Retirement Partners LLC raised its position in shares of Exxon Mobil by 0.3% during the second quarter. Global Retirement Partners LLC now owns 51,444 shares of the oil and gas company’s stock worth $4,406,000 after acquiring an additional 156 shares during the last quarter. Fort Sheridan Advisors LLC raised its position in shares of Exxon Mobil by 8.4% during the first quarter. Fort Sheridan Advisors LLC now owns 7,802 shares of the oil and gas company’s stock worth $644,000 after acquiring an additional 606 shares during the last quarter. Radnor Capital Management LLC raised its position in shares of Exxon Mobil by 0.8% during the second quarter. Radnor Capital Management LLC now owns 157,128 shares of the oil and gas company’s stock worth $13,456,000 after acquiring an additional 1,241 shares during the last quarter. Brown Advisory Inc. raised its position in shares of Exxon Mobil by 1.4% during the second quarter. Brown Advisory Inc. now owns 1,803,171 shares of the oil and gas company’s stock worth $134,296,000 after acquiring an additional 24,869 shares during the last quarter. Finally, Apella Capital LLC raised its position in shares of Exxon Mobil by 54.9% during the second quarter. Apella Capital LLC now owns 6,699 shares of the oil and gas company’s stock worth $574,000 after acquiring an additional 2,373 shares during the last quarter. 56.84% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.5 %

Shares of Exxon Mobil stock opened at $113.61 on Friday. Exxon Mobil has a 12-month low of $57.96 and a 12-month high of $114.66. The stock has a market cap of $467.88 billion, a P/E ratio of 9.27, a P/E/G ratio of 0.33 and a beta of 1.14. The company has a quick ratio of 1.02, a current ratio of 1.34 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $102.70 and its 200-day moving average is $95.85.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.45 by $1.00. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The business had revenue of $112.07 billion for the quarter, compared to analysts’ expectations of $102.96 billion. During the same quarter in the prior year, the business earned $1.58 EPS. The firm’s revenue for the quarter was up 51.9% on a year-over-year basis. Equities research analysts predict that Exxon Mobil will post 13.92 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th will be given a $0.91 dividend. The ex-dividend date is Monday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.88. This represents a $3.64 annualized dividend and a yield of 3.20%. Exxon Mobil’s dividend payout ratio (DPR) is currently 29.71%.

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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