Exxon Mobil Co. (NYSE:XOM) Receives $128.74 Average Price Target from Analysts

Exxon Mobil Co. (NYSE:XOM) has earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $128.74.

A number of research firms recently issued reports on XOM. UBS Group cut their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Piper Sandler dropped their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Barclays decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Bank of America began coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a “neutral” rating and a $124.00 price objective for the company. Finally, TD Cowen decreased their price objective on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, December 16th.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently made changes to their positions in the company. RMR Wealth Builders lifted its holdings in Exxon Mobil by 3.1% during the fourth quarter. RMR Wealth Builders now owns 32,042 shares of the oil and gas company’s stock worth $3,447,000 after acquiring an additional 960 shares in the last quarter. Trinity Financial Advisors LLC raised its position in shares of Exxon Mobil by 13.0% during the fourth quarter. Trinity Financial Advisors LLC now owns 11,791 shares of the oil and gas company’s stock worth $1,265,000 after purchasing an additional 1,360 shares during the period. Atlas Brown Inc. lifted its holdings in shares of Exxon Mobil by 1.2% during the 4th quarter. Atlas Brown Inc. now owns 45,166 shares of the oil and gas company’s stock valued at $4,859,000 after purchasing an additional 549 shares in the last quarter. Sugarloaf Wealth Management LLC grew its position in shares of Exxon Mobil by 7.8% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 8,233 shares of the oil and gas company’s stock valued at $886,000 after purchasing an additional 598 shares during the period. Finally, HBW Advisory Services LLC increased its stake in Exxon Mobil by 16.2% during the 4th quarter. HBW Advisory Services LLC now owns 3,324 shares of the oil and gas company’s stock worth $358,000 after purchasing an additional 464 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Trading Down 0.4 %

Shares of Exxon Mobil stock opened at $106.54 on Wednesday. The stock has a market capitalization of $468.25 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company has a 50-day simple moving average of $113.49 and a 200 day simple moving average of $115.65.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted $2.27 earnings per share. Research analysts expect that Exxon Mobil will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is presently 49.32%.

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.