Exxon Mobil Co. (NYSE:XOM) Receives $125.50 Consensus Price Target from Analysts

Shares of Exxon Mobil Co. (NYSE:XOM) have been given a consensus rating of “Moderate Buy” by the twenty-two ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, nine have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $125.50.

Several research analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler downgraded shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 28th. Mizuho dropped their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, Scotiabank dropped their price objective on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th.

Hedge Funds Weigh In On Exxon Mobil

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tallon Kerry Patrick acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at approximately $789,000. Union Bancaire Privee UBP SA bought a new position in shares of Exxon Mobil in the fourth quarter worth $48,348,000. Financial Strategies Group Inc. grew its stake in shares of Exxon Mobil by 5.9% in the fourth quarter. Financial Strategies Group Inc. now owns 53,434 shares of the oil and gas company’s stock worth $5,693,000 after purchasing an additional 2,976 shares in the last quarter. Jennison Associates LLC boosted its stake in Exxon Mobil by 1.7% during the fourth quarter. Jennison Associates LLC now owns 1,543,658 shares of the oil and gas company’s stock valued at $166,051,000 after buying an additional 26,517 shares in the last quarter. Finally, Wealthspan Partners LLC boosted its position in shares of Exxon Mobil by 2.3% in the 4th quarter. Wealthspan Partners LLC now owns 4,949 shares of the oil and gas company’s stock valued at $532,000 after purchasing an additional 113 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 2.1%

Exxon Mobil stock opened at $112.06 on Friday. The stock has a 50-day moving average price of $105.51 and a 200 day moving average price of $108.78. Exxon Mobil has a 52 week low of $97.80 and a 52 week high of $126.34. The stock has a market cap of $482.95 billion, a PE ratio of 14.29, a P/E/G ratio of 3.02 and a beta of 0.49. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts predict that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s payout ratio is currently 52.52%.

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.