Exxon Mobil Co. (NYSE:XOM) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Exxon Mobil Co. (NYSE:XOM) have been assigned a consensus rating of “Moderate Buy” from the eighteen brokerages that are currently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $133.82.

Several equities research analysts have recently issued reports on XOM shares. Mizuho lifted their price objective 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. TD Cowen increased their price objective on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Piper Sandler lifted their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. HSBC increased their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, Barclays began coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price objective on the stock.

Exxon Mobil Stock Up 0.0 %

XOM opened at $114.40 on Friday. The stock has a market cap of $451.08 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 4.11 and a beta of 0.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm’s fifty day moving average is $115.50 and its 200 day moving average is $109.39. Exxon Mobil has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the company earned $2.83 EPS. On average, sell-side analysts forecast that Exxon Mobil will post 9.28 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.32%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds have recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. bought a new position in Exxon Mobil in the first quarter worth approximately $25,000. First Pacific Financial purchased a new position in shares of Exxon Mobil during the first quarter valued at $34,000. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $46,000. Vima LLC purchased a new stake in Exxon Mobil in the fourth quarter worth about $50,000. Finally, ESL Trust Services LLC bought a new position in Exxon Mobil during the 1st quarter worth about $76,000. 61.80% of the stock is currently owned by 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.