Exxon Mobil (NYSE:XOM) Price Target Raised to $135.00

Exxon Mobil (NYSE:XOMFree Report) had its target price lifted by Bank of America from $129.00 to $135.00 in a research note published on Wednesday morning,Benzinga reports. Bank of America currently has a neutral rating on the oil and gas company’s stock.

Other equities research analysts also recently issued research reports about the stock. Sanford C. Bernstein decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Morgan Stanley reduced their target price on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Mizuho upped their target price on shares of Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Friday, January 16th. Finally, Piper Sandler lowered their price objective on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.93.

Read Our Latest Stock Report on Exxon Mobil

Exxon Mobil Price Performance

NYSE:XOM opened at $141.43 on Wednesday. The company has a market capitalization of $596.43 billion, a P/E ratio of 20.56, a P/E/G ratio of 14.84 and a beta of 0.37. The business’s 50-day moving average is $122.80 and its 200 day moving average is $116.10. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. Exxon Mobil has a 12 month low of $97.80 and a 12 month high of $142.34.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The business had revenue of $82.31 billion for the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The company’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.67 EPS. On average, equities research analysts forecast that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the sale, the vice president directly owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

Institutional investors and hedge funds have recently made changes to their positions in the business. Peoples Bank OH grew its stake in Exxon Mobil by 0.5% in the 4th quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock worth $1,804,000 after acquiring an additional 71 shares in the last quarter. MOKAN Wealth Management Inc. grew its stake in Exxon Mobil by 1.3% in the fourth quarter. MOKAN Wealth Management Inc. now owns 5,903 shares of the oil and gas company’s stock worth $711,000 after purchasing an additional 77 shares in the last quarter. Field & Main Bank increased its holdings in Exxon Mobil by 0.3% during the 4th quarter. Field & Main Bank now owns 23,393 shares of the oil and gas company’s stock worth $2,815,000 after purchasing an additional 78 shares during the period. Capstone Wealth Management LLC increased its holdings in Exxon Mobil by 3.1% during the 4th quarter. Capstone Wealth Management LLC now owns 2,606 shares of the oil and gas company’s stock worth $314,000 after purchasing an additional 79 shares during the period. Finally, Sunburst Financial Group LLC raised its position in Exxon Mobil by 2.3% during the 4th quarter. Sunburst Financial Group LLC now owns 3,526 shares of the oil and gas company’s stock valued at $424,000 after purchasing an additional 80 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Key Stories Impacting Exxon Mobil

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Company Profile

(Get Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

Further Reading

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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