Brokerages Set Exxon Mobil Co. (NYSE:XOM) Target Price at $135.00

Shares of Exxon Mobil Co. (NYSE:XOMGet Free Report) have been given a consensus rating of “Moderate Buy” by the eighteen analysts that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $135.00.

A number of equities research analysts have commented on XOM shares. HSBC lifted their target price on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a research report on Wednesday, May 15th. Piper Sandler boosted their target price on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, Truist Financial raised their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Friday, April 5th.

Get Our Latest Stock Report on Exxon Mobil

Exxon Mobil Stock Up 0.3 %

NYSE XOM opened at $114.00 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil has a 52 week low of $95.77 and a 52 week high of $123.75. The business’s fifty day simple moving average is $117.76 and its 200-day simple moving average is $108.15. The firm has a market cap of $449.50 billion, a PE ratio of 13.97, a P/E/G ratio of 4.00 and a beta of 0.96.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.83 earnings per share. As a group, equities analysts anticipate that Exxon Mobil will post 9.57 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.33%. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds have recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC grew its stake in shares of Exxon Mobil by 9,446.4% during the 3rd quarter. WealthPlan Investment Management LLC now owns 16,038 shares of the oil and gas company’s stock worth $1,886,000 after purchasing an additional 15,870 shares during the period. Syon Capital LLC acquired a new position in Exxon Mobil during the third quarter worth about $6,942,000. Second Half Financial Partners LLC increased its holdings in Exxon Mobil by 180.1% in the third quarter. Second Half Financial Partners LLC now owns 111,599 shares of the oil and gas company’s stock valued at $13,122,000 after buying an additional 71,758 shares in the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter valued at approximately $294,000. Finally, NBC Securities Inc. purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $3,175,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

About Exxon Mobil

(Get Free Report

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.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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