Exxon Mobil (NYSE:XOM) Price Target Raised to $152.00 at UBS Group

Exxon Mobil (NYSE:XOM) had its price objective boosted by UBS Group from $150.00 to $152.00 in a report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the oil and gas company’s stock.

A number of other analysts have also recently commented on the company. Redburn Atlantic upgraded Exxon Mobil from a neutral rating to a buy rating and lifted their price objective for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Piper Sandler lifted their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an overweight rating in a report on Thursday, April 18th. Truist Financial upped their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a buy rating in a research note on Friday, April 5th. Royal Bank of Canada reiterated a sector perform rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Finally, Wells Fargo & Company increased their price target on Exxon Mobil from $138.00 to $142.00 and gave the stock an overweight rating in a research note on Tuesday, April 30th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of Moderate Buy and a consensus target price of $134.18.

Exxon Mobil Stock Performance

Shares of XOM opened at $116.22 on Tuesday. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $123.75. The stock has a market cap of $458.26 billion, a P/E ratio of 14.24, a PEG ratio of 4.03 and a beta of 0.96. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $115.15 and a two-hundred day moving average of $106.95.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.83 earnings per share. As a group, research analysts predict that Exxon Mobil will post 9.61 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at $3,169,845. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XOM. Horizon Bancorp Inc. IN boosted its stake in Exxon Mobil by 15.3% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 3,113 shares of the oil and gas company’s stock valued at $366,000 after acquiring an additional 412 shares during the last quarter. Capital Advisors Inc. OK grew its position in Exxon Mobil by 3.8% in the 3rd quarter. Capital Advisors Inc. OK now owns 649,020 shares of the oil and gas company’s stock worth $76,312,000 after purchasing an additional 23,734 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Exxon Mobil by 9.0% in the third quarter. Stratos Wealth Partners LTD. now owns 229,394 shares of the oil and gas company’s stock valued at $26,972,000 after purchasing an additional 18,962 shares during the period. Stratos Wealth Advisors LLC boosted its position in shares of Exxon Mobil by 28.3% during the third quarter. Stratos Wealth Advisors LLC now owns 52,669 shares of the oil and gas company’s stock worth $6,193,000 after buying an additional 11,609 shares during the period. Finally, W.H. Cornerstone Investments Inc. grew its holdings in Exxon Mobil by 13.8% in the 3rd quarter. W.H. Cornerstone Investments Inc. now owns 4,092 shares of the oil and gas company’s stock worth $481,000 after buying an additional 495 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.