Exxon Mobil (NYSE:XOM) Earns “Hold” Rating from Truist Financial

Truist Financial reaffirmed their hold rating on shares of Exxon Mobil (NYSE:XOM) in a report released on Friday morning, Marketbeat reports. The firm currently has a $124.00 price objective on the oil and gas company’s stock, down from their previous price objective of $146.00.

A number of other equities analysts also recently commented on the company. Piper Sandler lifted their price objective on Exxon Mobil from $130.00 to $145.00 and gave the stock an overweight rating in a research report on Thursday, April 18th. TD Cowen increased their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the stock a buy rating in a research report on Tuesday, April 30th. Barclays started coverage on Exxon Mobil in a research note on Wednesday, April 10th. They set an overweight rating and a $147.00 target price for the company. Scotiabank increased their price objective on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a sector perform rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company raised their target price on Exxon Mobil from $138.00 to $142.00 and gave the stock an overweight rating in a research report on Tuesday, April 30th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $133.71.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $112.75 on Friday. The firm has a market cap of $444.57 billion, a PE ratio of 13.82, a P/E/G ratio of 3.93 and a beta of 0.92. Exxon Mobil has a twelve month low of $95.77 and a twelve month high of $123.75. The business has a 50-day moving average price of $117.66 and a 200 day moving average price of $108.62. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.83 EPS. Sell-side analysts predict that Exxon Mobil will post 9.57 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.37%. Exxon Mobil’s payout ratio is 46.57%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XOM. Norges Bank acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $5,519,753,000. Global Assets Advisory LLC grew its position in shares of Exxon Mobil by 16,399.4% in the first quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company’s stock valued at $1,466,589,000 after purchasing an additional 12,540,435 shares during the period. Fisher Asset Management LLC increased its stake in Exxon Mobil by 566.2% in the fourth quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company’s stock valued at $1,319,507,000 after purchasing an additional 11,216,602 shares during the last quarter. Capital International Investors lifted its position in Exxon Mobil by 25.1% during the first quarter. Capital International Investors now owns 27,511,952 shares of the oil and gas company’s stock worth $3,197,989,000 after buying an additional 5,523,429 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after acquiring an additional 4,870,115 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

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.