Exxon Mobil Corporation (NYSE:XOM) Receives $129.45 Consensus Target Price from Brokerages

Shares of Exxon Mobil Corporation (NYSE:XOM) have earned an average rating of “Moderate Buy” from the twenty-four ratings firms that are currently covering the stock, MarketBeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $129.45.

XOM has been the subject of several research reports. Piper Sandler upped their price target on shares of Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Morgan Stanley upped their target price on Exxon Mobil from $135.00 to $137.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. Cowen reiterated a “buy” rating on shares of Exxon Mobil in a report on Friday, December 12th. Barclays decreased their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, December 12th.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Finivi Inc. increased its holdings in shares of Exxon Mobil by 3.7% during the third quarter. Finivi Inc. now owns 28,660 shares of the oil and gas company’s stock valued at $3,231,000 after acquiring an additional 1,034 shares in the last quarter. Advisors Management Group Inc. ADV grew its position in Exxon Mobil by 5.1% during the 3rd quarter. Advisors Management Group Inc. ADV now owns 28,103 shares of the oil and gas company’s stock worth $3,169,000 after purchasing an additional 1,351 shares during the last quarter. Strategic Investment Advisors MI grew its position in Exxon Mobil by 6.2% during the 3rd quarter. Strategic Investment Advisors MI now owns 15,905 shares of the oil and gas company’s stock worth $1,793,000 after purchasing an additional 923 shares during the last quarter. Keel Point LLC increased its stake in Exxon Mobil by 7.0% during the 3rd quarter. Keel Point LLC now owns 26,093 shares of the oil and gas company’s stock valued at $2,942,000 after purchasing an additional 1,697 shares in the last quarter. Finally, Garde Capital Inc. raised its holdings in shares of Exxon Mobil by 14.7% in the third quarter. Garde Capital Inc. now owns 5,571 shares of the oil and gas company’s stock worth $628,000 after buying an additional 716 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $119.09 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average price is $116.65 and its 200-day moving average price is $113.18. The firm has a market cap of $502.20 billion, a P/E ratio of 17.31, a P/E/G ratio of 7.49 and a beta of 0.38. Exxon Mobil has a 12 month low of $97.80 and a 12 month high of $120.81.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. On average, equities research analysts expect that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.