Exxon Mobil Co. (NYSE:XOM - Get Free Report) has earned an average recommendation of "Hold" from the twenty-one analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $124.27.
XOM has been the topic of several recent research reports. Piper Sandler lowered their price target on shares of Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Wolfe Research cut shares of Exxon Mobil from an "outperform" rating to a "peer perform" rating in a research report on Friday, July 7th. They noted that the move was a valuation call. Royal Bank of Canada reissued a "sector perform" rating and set a $125.00 price target on shares of Exxon Mobil in a research report on Wednesday, July 19th. Morgan Stanley boosted their price target on shares of Exxon Mobil from $121.00 to $124.00 and gave the company an "overweight" rating in a research report on Friday, August 18th. Finally, HSBC upped their target price on shares of Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th.
Check Out Our Latest Report on Exxon Mobil
Insider Activity at Exxon Mobil
In other Exxon Mobil news, Director Jeffrey W. Ubben purchased 458,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the acquisition, the director now directly owns 1,635,000 shares of the company's stock, valued at approximately $174,830,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Exxon Mobil
Large investors have recently modified their holdings of the company. St. Louis Trust Co boosted its holdings in shares of Exxon Mobil by 11.0% in the fourth quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company's stock valued at $3,919,000 after acquiring an additional 3,507 shares during the period. Triasima Portfolio Management inc. lifted its holdings in shares of Exxon Mobil by 3.5% during the first quarter. Triasima Portfolio Management inc. now owns 4,563 shares of the oil and gas company's stock worth $500,000 after purchasing an additional 153 shares during the period. TIAA FSB lifted its holdings in shares of Exxon Mobil by 8.2% during the first quarter. TIAA FSB now owns 509,184 shares of the oil and gas company's stock worth $55,837,000 after purchasing an additional 38,760 shares during the period. Nvest Financial LLC lifted its holdings in shares of Exxon Mobil by 5.6% during the first quarter. Nvest Financial LLC now owns 3,651 shares of the oil and gas company's stock worth $400,000 after purchasing an additional 194 shares during the period. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Exxon Mobil by 4.9% during the first quarter. Newbridge Financial Services Group Inc. now owns 21,302 shares of the oil and gas company's stock worth $2,336,000 after purchasing an additional 1,003 shares during the period. 58.59% of the stock is owned by institutional investors and hedge funds.
Exxon Mobil Price Performance
Shares of NYSE XOM opened at $108.25 on Friday. The firm has a market cap of $433.35 billion, a PE ratio of 8.66, a PEG ratio of 0.56 and a beta of 1.09. The firm has a fifty day moving average of $105.94 and a 200 day moving average of $108.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil has a one year low of $83.89 and a one year high of $119.92.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.06). The business had revenue of $82.91 billion for the quarter, compared to analyst estimates of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The company's revenue for the quarter was down 28.3% compared to the same quarter last year. During the same period last year, the firm earned $4.14 EPS. As a group, research analysts predict that Exxon Mobil will post 8.89 EPS for the current fiscal year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Tuesday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 29.12%.
Exxon Mobil Company Profile
(Get Free ReportExxon 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.
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