Exxon Mobil (NYSE:XOM) Price Target Raised to $145.00 at Piper Sandler

Exxon Mobil (NYSE:XOM) had its price target boosted by Piper Sandler from $130.00 to $145.00 in a research report report published on Thursday, Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

XOM has been the topic of a number of other reports. Erste Group Bank reaffirmed a hold rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Wells Fargo & Company boosted their target price on Exxon Mobil from $126.00 to $138.00 and gave the company an overweight rating in a research note on Thursday, April 4th. Mizuho reissued a neutral rating and set a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, April 4th. UBS Group boosted their target price on Exxon Mobil from $133.00 to $150.00 and gave the company a buy rating in a research note on Thursday, April 11th. Finally, Truist Financial boosted their target price on Exxon Mobil from $140.00 to $146.00 and gave the company a buy rating in a research note on Friday, April 5th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $132.28.

Exxon Mobil Stock Performance

NYSE:XOM opened at $118.46 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The business has a 50 day moving average of $111.18 and a 200 day moving average of $106.30. The company has a market capitalization of $468.90 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 4.08 and a beta of 0.96. Exxon Mobil has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business’s quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.40 EPS. On average, sell-side analysts predict that Exxon Mobil will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s payout ratio is currently 42.74%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction dated Thursday, February 22nd. The stock was 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 $3,169,845. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its position in Exxon Mobil by 140,855.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after buying an additional 123,254,064 shares in the last quarter. Norges Bank purchased a new stake in Exxon Mobil in the fourth quarter worth about $5,519,753,000. Global Assets Advisory LLC increased its position in Exxon Mobil by 16,399.4% in the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock worth $1,466,589,000 after buying an additional 12,540,435 shares in the last quarter. Fisher Asset Management LLC increased its position in Exxon Mobil by 566.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock worth $1,319,507,000 after buying an additional 11,216,602 shares in the last quarter. Finally, Imprint Wealth LLC increased its position in Exxon Mobil by 9,115.2% in the second quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock worth $1,130,434,000 after buying an additional 11,181,673 shares in the last quarter. Institutional investors 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.