ExxonMobil Corporation (NYSE:XOM) Stock Has Consensus Target Price of $167.30

ExxonMobil Corporation (NYSE:XOM – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-five brokerages that are presently covering the stock, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $167.70.

A number of research firms recently weighed in on XOM. UBS Group reissued a “buy” rating and set a $199.00 price target on shares of ExxonMobil in a research report on Monday. Piper Sandler increased their price target on ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Wall Street Zen upgraded ExxonMobil to a “hold” rating in a report on Saturday, September 5th. Argus lifted their price target on ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 price objective (up from $160.00) on shares of ExxonMobil in a research report on Monday, September 21st.

Read Our Latest Analysis on ExxonMobil

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

ExxonMobil Stock Performance

Shares of ExxonMobil stock opened at $177.94 on Tuesday. ExxonMobil has a 52 week low of $112.51 and a 52 week high of $180.31. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $165.33 and a 200-day moving average price of $154.89. The company has a market cap of $737.56 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 0.89 and a beta of 0.21.

ExxonMobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. The company had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter last year, the business posted $1.64 earnings per share. Equities analysts anticipate that ExxonMobil will post 13.63 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were paid a dividend of $1.03 per share. The ex-dividend date was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.3%. ExxonMobil’s dividend payout ratio (DPR) is presently 53.02%.

Institutional Investors Weigh In On ExxonMobil

Several institutional investors have recently added to or reduced their stakes in XOM. Capital Investment Advisors LLC purchased a new position in shares of ExxonMobil in the third quarter worth about $39,457,000. Beaumont Financial Advisors LLC boosted its holdings in ExxonMobil by 117.3% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 36,545 shares of the oil and gas company’s stock worth $5,948,000 after buying an additional 19,730 shares during the period. Vision Financial Markets LLC grew its stake in ExxonMobil by 3.8% in the 3rd quarter. Vision Financial Markets LLC now owns 3,211 shares of the oil and gas company’s stock valued at $523,000 after buying an additional 118 shares in the last quarter. Atala Financial Inc purchased a new position in ExxonMobil in the 3rd quarter valued at approximately $691,000. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in ExxonMobil by 1.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 207,038 shares of the oil and gas company’s stock worth $33,695,000 after purchasing an additional 2,215 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Company Profile

(Get Free Report)

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.

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Analyst Recommendations for ExxonMobil (NYSE:XOM)

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