Mizuho Raises Exxon Mobil (NYSE:XOM) Price Target to $130.00

Exxon Mobil (NYSE:XOM) had its price target upped by Mizuho from $128.00 to $130.00 in a report issued on Monday, Benzinga reports. Mizuho currently has a neutral rating on the oil and gas company’s stock.

Several other brokerages also recently weighed in on XOM. Evercore ISI raised Exxon Mobil to a strong-buy rating in a report on Monday, August 5th. Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an outperform rating and a $146.00 price objective on the stock. Royal Bank of Canada reaffirmed a sector perform rating and issued a $135.00 target price on shares of Exxon Mobil in a report on Tuesday, July 9th. Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an outperform rating for the company in a report on Wednesday, July 17th. Finally, Truist Financial reduced their price objective on shares of Exxon Mobil from $124.00 to $121.00 and set a hold rating for the company in a research report on Monday, July 22nd. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $135.76.

Exxon Mobil Stock Up 1.3 %

XOM stock opened at $116.02 on Monday. The company has a market cap of $457.47 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. The company has a fifty day moving average price of $115.84 and a 200 day moving average price of $115.25. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. Exxon Mobil has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.94 earnings per share. Sell-side analysts expect that Exxon Mobil will post 8.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Institutional Investors Weigh In On Exxon Mobil

A number of large investors have recently added to or reduced their stakes in XOM. Patron Partners LLC lifted its position in shares of Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock valued at $4,294,000 after acquiring an additional 2,564 shares in the last quarter. YHB Investment Advisors Inc. lifted its holdings in Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock valued at $3,770,000 after purchasing an additional 1,836 shares in the last quarter. Cooksen Wealth LLC purchased a new position in Exxon Mobil in the 4th quarter valued at about $136,000. Scarborough Advisors LLC grew its holdings in shares of Exxon Mobil by 720.2% during the fourth quarter. Scarborough Advisors LLC now owns 15,978 shares of the oil and gas company’s stock worth $1,597,000 after buying an additional 14,030 shares in the last quarter. Finally, Lloyd Advisory Services LLC. raised its position in shares of Exxon Mobil by 407.5% in the first quarter. Lloyd Advisory Services LLC. now owns 24,115 shares of the oil and gas company’s stock valued at $2,804,000 after buying an additional 19,363 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

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.