Exxon Mobil (NYSE:XOM) Given New $152.00 Price Target at UBS Group

Exxon Mobil (NYSE:XOM) had its target price boosted by UBS Group from $150.00 to $152.00 in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the oil and gas company’s stock.

XOM has been the topic of several other research reports. Barclays assumed coverage on Exxon Mobil in a research note on Wednesday, April 10th. They issued an overweight rating and a $147.00 price objective on the stock. Mizuho reaffirmed a neutral rating and set a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Redburn Atlantic raised shares of Exxon Mobil from a neutral rating to a buy rating and increased their price objective for the stock from $116.00 to $119.00 in a research note on Tuesday, January 9th. Scotiabank lifted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a sector perform rating in a research note on Thursday, April 11th. Finally, Royal Bank of Canada reiterated a sector perform rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $134.18.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $116.22 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $123.75. The firm has a market capitalization of $458.26 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 4.03 and a beta of 0.96. The firm has a 50 day moving average of $115.15 and a 200 day moving average of $106.95.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the previous year, the firm earned $2.83 EPS. The company’s revenue was down 4.0% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil will post 9.61 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.27%. Exxon Mobil’s payout ratio is currently 46.57%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Exxon Mobil

A number of institutional investors and hedge funds have recently modified their holdings of XOM. First Pacific Financial bought a new stake in Exxon Mobil during the 1st quarter valued at about $34,000. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $46,000. Vima LLC bought a new position in Exxon Mobil in the fourth quarter worth approximately $50,000. Keener Financial Planning LLC purchased a new position in Exxon Mobil during the 4th quarter worth $80,000. Finally, Neo Ivy Capital Management bought a new stake in Exxon Mobil during the 4th quarter valued at $80,000. 61.80% of the stock is owned by institutional investors.

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.