Wells Fargo & Company Cuts Exxon Mobil (NYSE:XOM) Price Target to $135.00

Exxon Mobil (NYSE:XOM) had its price target lowered by Wells Fargo & Company from $136.00 to $135.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has an overweight rating on the oil and gas company’s stock.

A number of other research analysts also recently weighed in on the stock. HSBC cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Scotiabank lowered their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday, January 31st. TD Cowen cut their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Bank of America started coverage on shares of Exxon Mobil in a research note on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price for the company. Finally, Mizuho decreased their price target on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Trading Down 0.1 %

NYSE XOM opened at $109.81 on Monday. The company has a market capitalization of $482.63 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89. Exxon Mobil has a 1-year low of $100.42 and a 1-year high of $126.34. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm’s fifty day simple moving average is $109.94 and its 200-day simple moving average is $115.08.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the business earned $2.48 EPS. As a group, sell-side analysts anticipate that Exxon Mobil will post 7.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s payout ratio is 50.51%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

Institutional investors have recently made changes to their positions in the business. Czech National Bank boosted its holdings in shares of Exxon Mobil by 5.9% during the third quarter. Czech National Bank now owns 905,051 shares of the oil and gas company’s stock worth $106,090,000 after acquiring an additional 50,214 shares during the period. GAMMA Investing LLC lifted its position in shares of Exxon Mobil by 23.0% during the 3rd quarter. GAMMA Investing LLC now owns 72,796 shares of the oil and gas company’s stock valued at $8,533,000 after acquiring an additional 13,606 shares during the period. Herbst Group LLC grew its holdings in shares of Exxon Mobil by 1.3% during the 3rd quarter. Herbst Group LLC now owns 27,059 shares of the oil and gas company’s stock worth $3,172,000 after purchasing an additional 350 shares in the last quarter. WealthBridge Capital Management LLC increased its position in shares of Exxon Mobil by 10.9% in the third quarter. WealthBridge Capital Management LLC now owns 14,209 shares of the oil and gas company’s stock worth $1,666,000 after purchasing an additional 1,396 shares during the period. Finally, Azzad Asset Management Inc. ADV raised its stake in Exxon Mobil by 2.3% in the third quarter. Azzad Asset Management Inc. ADV now owns 44,154 shares of the oil and gas company’s stock valued at $5,176,000 after purchasing an additional 1,006 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

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.