Wells Fargo & Company Raises Exxon Mobil (NYSE:XOM) Price Target to $136.00

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

A number of other equities research analysts have also commented on the company. UBS Group dropped their target price on Exxon Mobil from $157.00 to $149.00 and set a buy rating on the stock in a research report on Wednesday, September 18th. Mizuho upped their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a neutral rating in a report on Monday, September 16th. Wolfe Research assumed 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 restated a sector perform rating and set a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Evercore ISI raised Exxon Mobil to a strong-buy rating in a research report on Monday, August 5th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of Moderate Buy and a consensus price target of $135.00.

Exxon Mobil Stock Up 2.7 %

NYSE:XOM opened at $115.82 on Friday. The company’s 50 day moving average is $115.76 and its two-hundred day moving average is $115.71. The company has a market cap of $456.68 billion, a PE ratio of 14.19, a P/E/G ratio of 4.86 and a beta of 0.90. Exxon Mobil has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

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

Exxon Mobil Announces Dividend

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

Institutional Trading of Exxon Mobil

Large investors have recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in shares of Exxon Mobil in the first quarter worth about $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC grew its position in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC lifted its position in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

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.