Exxon Mobil Co. (NYSE:XOM) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Exxon Mobil Co. (NYSE:XOM) have been assigned an average rating of “Moderate Buy” from the twenty ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $131.44.

A number of equities research analysts recently issued reports on the stock. Wolfe Research began coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 price objective for the company. Truist Financial decreased their price target on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Bank of America began coverage on shares of Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target for the company. Barclays decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Finally, Morgan Stanley decreased their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating for the company in a report on Monday, September 16th.

Exxon Mobil Trading Down 0.6 %

Shares of NYSE:XOM opened at $119.60 on Friday. The stock has a market capitalization of $471.58 billion, a PE ratio of 14.66, a P/E/G ratio of 5.02 and a beta of 0.89. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $126.34. The firm has a fifty day moving average price of $117.49 and a 200 day moving average price of $116.49. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 earnings per share. Analysts expect that Exxon Mobil will post 8.11 EPS 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. This represents a $3.80 annualized dividend and a yield of 3.18%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Etfidea LLC raised its position in Exxon Mobil by 3.3% in the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after purchasing an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC increased its holdings in shares of Exxon Mobil by 0.6% during the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after buying an additional 86 shares in the last quarter. Integral Investment Advisors Inc. increased its holdings in shares of Exxon Mobil by 2.1% during the second quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after buying an additional 87 shares in the last quarter. CBIZ Investment Advisory Services LLC increased its holdings in shares of Exxon Mobil by 15.2% during the second quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after buying an additional 87 shares in the last quarter. Finally, Mascoma Wealth Management LLC increased its holdings in shares of Exxon Mobil by 7.0% during the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock worth $155,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

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.