Exxon Mobil (NYSE:XOM) PT Lowered to $142.00 at Barclays

Exxon Mobil (NYSE:XOM) had its price objective lowered by Barclays from $147.00 to $142.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the oil and gas company’s stock.

A number of other analysts have also issued reports on the company. Morgan Stanley reaffirmed an overweight rating and issued a $145.00 target price on shares of Exxon Mobil in a report on Wednesday, May 15th. Truist Financial reaffirmed a hold rating and issued a $124.00 target price (down previously from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Wells Fargo & Company raised their price objective on Exxon Mobil from $138.00 to $142.00 and gave the stock an overweight rating in a research report on Tuesday, April 30th. Piper Sandler raised their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an overweight rating in a research report on Thursday, April 18th. Finally, HSBC raised their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a hold rating in a research report on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $134.41.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $113.21 on Tuesday. 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 has a market cap of $446.39 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 4.07 and a beta of 0.91. The business’s 50-day simple moving average is $114.22 and its 200-day simple moving average is $110.34. Exxon Mobil has a 52 week low of $95.77 and a 52 week high of $123.75.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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). The company had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.83 EPS. As a group, equities research analysts expect that Exxon Mobil will post 9.18 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.36%. Exxon Mobil’s dividend payout ratio is 46.57%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds and other institutional investors have recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at $25,000. First Pacific Financial acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at $34,000. Partnership Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $46,000. Lynx Investment Advisory acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at $47,000. Finally, Vima LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $50,000. 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.