Exxon Mobil (NYSE:XOM) PT Raised to $136.00

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

Other equities research analysts have also issued reports about the stock. Redburn Atlantic restated a neutral rating and issued a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. Wolfe Research assumed coverage on Exxon Mobil in a research note on Thursday, July 18th. They issued an outperform rating and a $146.00 price target on the stock. Barclays lowered their price objective on Exxon Mobil from $147.00 to $142.00 and set an overweight rating for the company in a research report on Tuesday, July 9th. Mizuho raised their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a neutral rating in a research report on Monday, September 16th. Finally, Morgan Stanley lowered their price target on Exxon Mobil from $145.00 to $142.00 and set an overweight rating for the company in a report on Monday, September 16th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $135.00.

Exxon Mobil Trading Up 2.7 %

NYSE:XOM opened at $115.82 on Friday. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $123.75. The firm has a market cap of $456.68 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $115.76 and a 200 day moving average price of $115.71.

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

Exxon Mobil Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. grew its stake in shares of Exxon Mobil by 9.2% in the 2nd quarter. Centaurus Financial Inc. now owns 37,397 shares of the oil and gas company’s stock valued at $4,305,000 after purchasing an additional 3,145 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Exxon Mobil by 9,314.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 790,781 shares of the oil and gas company’s stock worth $91,035,000 after purchasing an additional 782,381 shares during the period. Verity & Verity LLC grew its position in Exxon Mobil by 0.4% in the 2nd quarter. Verity & Verity LLC now owns 138,894 shares of the oil and gas company’s stock valued at $15,989,000 after buying an additional 487 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in Exxon Mobil by 6.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 18,557 shares of the oil and gas company’s stock valued at $2,136,000 after buying an additional 1,134 shares during the period. Finally, Cannon Financial Strategists Inc. purchased a new position in Exxon Mobil during the 2nd quarter worth $618,000. 61.80% of the stock is 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.