ExxonMobil Corporation (NYSE:XOM – Get Free Report) shares reached a new 52-week high during trading on Monday. The stock traded as high as $183.75 and last traded at $181.99, with a volume of 11,514,954 shares. The stock had previously closed at $183.21.
Analysts Set New Price Targets
A number of research firms recently weighed in on XOM. Bank of America lowered shares of ExxonMobil from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $154.00 to $158.00 in a research report on Tuesday, July 28th. Wells Fargo & Company reissued an “equal weight” rating and issued a $182.00 target price on shares of ExxonMobil in a report on Thursday, October 1st. Mizuho lowered their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th. DZ Bank cut shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a report on Tuesday, August 4th. Finally, Argus boosted their price objective on ExxonMobil from $169.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ExxonMobil has an average rating of “Moderate Buy” and a consensus price target of $167.70.
View Our Latest Analysis on ExxonMobil
ExxonMobil Stock Up 0.6%
The stock has a market cap of $763.57 billion, a P/E ratio of 23.62, a PEG ratio of 0.92 and a beta of 0.21. 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 simple moving average of $165.80 and a 200-day simple moving average of $155.03.
ExxonMobil (NYSE:XOM – Get Free Report) last posted 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 return on equity of 13.14% and a net margin of 8.88%. The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same period in the prior year, the firm posted $1.64 EPS. Analysts expect that ExxonMobil Corporation will post 13.63 EPS for the current year.
ExxonMobil Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil’s payout ratio is presently 53.02%.
Hedge Funds Weigh In On ExxonMobil
Hedge funds have recently added to or reduced their stakes in the company. Mason & Associates LLC acquired a new stake in shares of ExxonMobil in the 3rd quarter valued at approximately $233,000. Motive Wealth Advisors acquired a new position in ExxonMobil during the 3rd quarter worth approximately $710,000. Leo Wealth LLC bought a new position in ExxonMobil in the third quarter valued at $2,095,000. Lakewood Asset Management LLC increased its position in shares of ExxonMobil by 4.0% during the 3rd quarter. Lakewood Asset Management LLC now owns 2,560 shares of the oil and gas company’s stock worth $417,000 after purchasing an additional 99 shares during the last quarter. Finally, Apollon Wealth Management LLC lifted its stake in ExxonMobil by 15.6% in the third quarter. Apollon Wealth Management LLC now owns 231,907 shares of the oil and gas company’s stock valued at $37,743,000 after acquiring an additional 31,325 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.
ExxonMobil Company Profile
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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