Exxon Mobil Co. (NYSE:XOM) Receives $134.41 Consensus Price Target from Brokerages

Shares of Exxon Mobil Co. (NYSE:XOM) have received an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $134.94.

A number of research analysts have commented on the stock. Mizuho increased their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Scotiabank boosted their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Wolfe Research initiated coverage on shares of Exxon Mobil in a research report on Thursday. They set an “outperform” rating and a $146.00 price objective on the stock. Finally, Piper Sandler boosted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Nordea Investment Management AB lifted its position in Exxon Mobil by 1.0% in the fourth quarter. Nordea Investment Management AB now owns 1,063,492 shares of the oil and gas company’s stock worth $106,190,000 after buying an additional 10,747 shares during the last quarter. Strategic Investment Advisors MI increased its stake in Exxon Mobil by 5.0% in the fourth quarter. Strategic Investment Advisors MI now owns 2,278 shares of the oil and gas company’s stock worth $228,000 after purchasing an additional 108 shares during the period. Creative Financial Designs Inc. ADV increased its stake in Exxon Mobil by 39.6% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 13,596 shares of the oil and gas company’s stock worth $1,359,000 after purchasing an additional 3,857 shares during the period. BKM Wealth Management LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $303,000. Finally, Pasadena Private Wealth LLC increased its stake in Exxon Mobil by 5.4% in the fourth quarter. Pasadena Private Wealth LLC now owns 2,970 shares of the oil and gas company’s stock worth $297,000 after purchasing an additional 152 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 2.3 %

Shares of XOM opened at $116.07 on Wednesday. The firm’s 50 day simple moving average is $114.13 and its 200 day simple moving average is $111.09. The company has a market capitalization of $457.67 billion, a P/E ratio of 14.22, a P/E/G ratio of 4.47 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. Exxon Mobil has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same quarter in the previous year, the business earned $2.83 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) 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.