Exxon Mobil Co. (NYSE:XOM) Receives $135.00 Consensus PT from Analysts

Shares of Exxon Mobil Co. (NYSE:XOM) have received an average rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $134.18.

XOM has been the topic of several research reports. Morgan Stanley reduced their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Sanford C. Bernstein cut their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Finally, Truist Financial cut their target price on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research note on Monday, September 30th.

Institutional Investors Weigh In On Exxon Mobil

Large investors have recently modified their holdings of the company. Gilbert & Cook Inc. lifted its holdings in shares of Exxon Mobil by 2.2% during the fourth quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock worth $2,547,000 after purchasing an additional 545 shares during the period. J. W. Coons Advisors LLC lifted its holdings in shares of Exxon Mobil by 0.5% during the fourth quarter. J. W. Coons Advisors LLC now owns 39,609 shares of the oil and gas company’s stock worth $3,960,000 after purchasing an additional 208 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of Exxon Mobil by 0.6% during the fourth quarter. Eagle Asset Management Inc. now owns 93,495 shares of the oil and gas company’s stock worth $9,348,000 after purchasing an additional 593 shares during the period. Prevail Innovative Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 38.5% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 2,396 shares of the oil and gas company’s stock worth $240,000 after purchasing an additional 666 shares during the period. Finally, Prudent Man Advisors LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $623,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 1.8 %

Shares of XOM opened at $124.83 on Monday. The stock has a market capitalization of $492.21 billion, a PE ratio of 15.30, a P/E/G ratio of 4.86 and a beta of 0.89. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $125.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36. The company’s 50-day simple moving average is $116.31 and its 200-day simple moving average is $116.02.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 earnings per share. Analysts forecast that Exxon Mobil will post 8.06 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

About Exxon Mobil

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.