Analysts Set Exxon Mobil Co. (NYSE:XOM) PT at $125.50

Exxon Mobil Co. (NYSE:XOM) has been assigned an average recommendation of “Moderate Buy” from the twenty-two research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $125.50.

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada restated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler lowered shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. UBS Group decreased their target price on Exxon Mobil from $135.00 to $131.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Morgan Stanley cut their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th.

Exxon Mobil Stock Performance

NYSE:XOM opened at $109.31 on Friday. The stock has a 50 day simple moving average of $105.14 and a 200 day simple moving average of $108.89. The stock has a market cap of $471.08 billion, a P/E ratio of 13.94, a PEG ratio of 3.02 and a beta of 0.49. Exxon Mobil has a 1-year low of $97.80 and a 1-year high of $126.34. 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 quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 earnings per share. Research analysts anticipate that Exxon Mobil will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.62%. Exxon Mobil’s payout ratio is currently 52.52%.

Institutional Trading of Exxon Mobil

A number of institutional investors have recently modified their holdings of the company. Beacon Capital Management LLC boosted its stake in Exxon Mobil by 1.1% in the 4th quarter. Beacon Capital Management LLC now owns 8,582 shares of the oil and gas company’s stock worth $923,000 after purchasing an additional 93 shares in the last quarter. Axis Wealth Partners LLC boosted its position in shares of Exxon Mobil by 1.9% during the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock valued at $591,000 after buying an additional 93 shares during the last quarter. Altus Wealth Group LLC lifted its stake in Exxon Mobil by 0.9% during the 4th quarter. Altus Wealth Group LLC now owns 10,130 shares of the oil and gas company’s stock valued at $1,090,000 after acquiring an additional 94 shares during the period. Harvest Fund Management Co. Ltd raised its holdings in shares of Exxon Mobil by 11.4% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 918 shares of the oil and gas company’s stock valued at $99,000 after purchasing an additional 94 shares during the last quarter. Finally, Gagnon Securities LLC boosted its holdings in Exxon Mobil by 1.3% in the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock worth $860,000 after purchasing an additional 95 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

About Exxon Mobil

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.