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

Shares of Exxon Mobil Co. (NYSE:XOM) have earned an average recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $134.39.

Several research analysts have weighed in on XOM shares. Morgan Stanley reissued an “overweight” rating and set a $145.00 price objective on shares of Exxon Mobil in a report on Wednesday, May 15th. HSBC boosted their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. UBS Group increased their target price on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Finally, Evercore ISI upgraded Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its position in shares of Exxon Mobil by 3.2% during the 4th quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock valued at $4,918,000 after purchasing an additional 1,539 shares during the period. Keener Financial Planning LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $80,000. Stiles Financial Services Inc raised its position in Exxon Mobil by 142.9% in the fourth quarter. Stiles Financial Services Inc now owns 5,934 shares of the oil and gas company’s stock worth $593,000 after acquiring an additional 3,491 shares in the last quarter. Vivid Wealth Management LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at about $449,000. Finally, Capasso Planning Partners LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $417,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.5 %

Shares of NYSE XOM opened at $118.17 on Friday. The firm has a market cap of $465.95 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 4.51 and a beta of 0.91. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $123.75. 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 stock’s 50-day simple moving average is $114.69 and its 200-day simple moving average is $113.39.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the previous year, the business earned $1.94 EPS. Exxon Mobil’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Thursday, August 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.22%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

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.