Exxon Mobil Co. (NYSE:XOM) Receives Consensus Recommendation of "Hold" from Analysts - MarketBeat

Exxon Mobil logo Exxon Mobil Co. (NYSE:XOM - Get Rating) has been given an average recommendation of "Hold" by the twenty-three analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $96.74.

A number of research firms have weighed in on XOM. Piper Sandler upgraded Exxon Mobil from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $102.00 to $109.00 in a report on Tuesday, July 19th. Citigroup upped their target price on Exxon Mobil from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Thursday, May 19th. Truist Financial reduced their target price on Exxon Mobil from $86.00 to $83.00 and set a "hold" rating on the stock in a report on Tuesday, July 19th. Credit Suisse Group reiterated an "outperform" rating and set a $125.00 target price on shares of Exxon Mobil in a report on Thursday, August 11th. Finally, HSBC upped their target price on Exxon Mobil from $92.50 to $97.50 and gave the stock a "hold" rating in a report on Wednesday, July 20th.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the company's stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the transaction, the vice president now directly owns 27,863 shares of the company's stock, valued at approximately $2,635,839.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jeffrey W. Ubben purchased 960,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were purchased at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the acquisition, the director now directly owns 1,137,000 shares of the company's stock, valued at $100,635,870. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the transaction, the vice president now directly owns 27,863 shares in the company, valued at $2,635,839.80. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Exxon Mobil

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Exxon Mobil by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company's stock worth $30,098,496,000 after purchasing an additional 8,825,023 shares in the last quarter. State Street Corp increased its stake in Exxon Mobil by 0.4% in the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company's stock worth $15,494,002,000 after buying an additional 1,128,974 shares in the last quarter. FMR LLC increased its stake in Exxon Mobil by 14.9% in the 2nd quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company's stock worth $11,573,746,000 after buying an additional 17,521,080 shares in the last quarter. Geode Capital Management LLC increased its stake in Exxon Mobil by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company's stock worth $4,322,078,000 after buying an additional 3,441,825 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Exxon Mobil during the fourth quarter valued at about $3,184,424,000. 56.84% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 1.7 %

Shares of NYSE:XOM opened at $96.50 on Friday. Exxon Mobil has a 1 year low of $52.96 and a 1 year high of $105.57. The company has a market cap of $402.18 billion, a PE ratio of 10.56, a P/E/G ratio of 0.31 and a beta of 1.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. The stock's 50-day moving average is $91.45 and its 200 day moving average is $89.01.

Exxon Mobil (NYSE:XOM - Get Rating) last announced its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The company had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. During the same quarter in the previous year, the business earned $1.10 EPS. Exxon Mobil's revenue was up 70.8% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil will post 12.69 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were given a $0.88 dividend. The ex-dividend date was Thursday, August 11th. This represents a $3.52 annualized dividend and a yield of 3.65%. Exxon Mobil's dividend payout ratio (DPR) is presently 38.51%.

About Exxon Mobil

(Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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