Exxon Mobil (NYSE:XOM) Price Target Increased to $146.00 by Analysts at Truist Financial

Exxon Mobil (NYSE:XOM) had its target price increased by Truist Financial from $140.00 to $146.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a buy rating on the oil and gas company’s stock.

Several other research analysts also recently weighed in on XOM. Mizuho reiterated a neutral rating and issued a $125.00 price target on shares of Exxon Mobil in a research report on Thursday, April 4th. UBS Group reduced their price objective on shares of Exxon Mobil from $133.00 to $132.00 and set a buy rating for the company in a research note on Tuesday, January 23rd. Piper Sandler reduced their price objective on shares of Exxon Mobil from $142.00 to $130.00 and set an overweight rating for the company in a research note on Thursday, March 14th. Royal Bank of Canada reissued a sector perform rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, Erste Group Bank reissued a hold rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of Moderate Buy and an average target price of $129.82.

Exxon Mobil Trading Down 0.7 %

Shares of NYSE XOM opened at $120.55 on Friday. The company has a market cap of $478.32 billion, a PE ratio of 13.56, a P/E/G ratio of 4.31 and a beta of 0.96. The firm’s 50 day moving average price is $108.40 and its 200-day moving average price is $106.00. Exxon Mobil has a 52-week low of $95.77 and a 52-week high of $122.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The company had revenue of $84.34 billion for the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.40 earnings per share. On average, equities research analysts expect that Exxon Mobil will post 9.38 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a $0.95 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.15%. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the sale, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.04% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Exxon Mobil

Large investors have recently modified their holdings of the business. KB Financial Partners LLC bought a new position in shares of Exxon Mobil during the 1st quarter worth approximately $27,000. Clarity Asset Management Inc. bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $34,000. IMA Wealth Inc. raised its stake in shares of Exxon Mobil by 720.0% during the 2nd quarter. IMA Wealth Inc. now owns 369 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 324 shares in the last quarter. FWL Investment Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $43,000. Finally, Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $46,000. Institutional investors own 61.80% of the company’s stock.

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.