Analysts Set Exxon Mobil Co. (NYSE:XOM) Price Target at $129.95

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $130.21.

Several equities analysts have recently commented on the stock. UBS Group reduced their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. BMO Capital Markets lifted their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. JPMorgan Chase & Co. upped their price target on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Mizuho boosted their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. Finally, Bank of America began coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They issued a "neutral" rating and a $124.00 price target on the stock.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently made changes to their positions in XOM. Fairway Wealth LLC purchased a new position in Exxon Mobil in the second quarter valued at about $35,000. Anfield Capital Management LLC raised its position in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Fairscale Capital LLC acquired a new stake in Exxon Mobil in the second quarter valued at approximately $39,000. POM Investment Strategies LLC increased its stake in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock worth $43,000 after purchasing an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil during the 2nd quarter valued at $46,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 1.4 %

Exxon Mobil stock traded down $1.71 during midday trading on Tuesday, hitting $118.60. 11,579,403 shares of the stock were exchanged, compared to its average volume of 16,304,970. The firm has a market cap of $521.26 billion, a P/E ratio of 14.82, a P/E/G ratio of 5.00 and a beta of 0.90. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company has a 50 day moving average price of $118.59 and a two-hundred day moving average price of $116.42.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the company earned $2.27 earnings per share. The business's quarterly revenue was down .8% compared to the same quarter last year. On average, sell-side analysts predict that Exxon Mobil will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.34%. Exxon Mobil's dividend payout ratio (DPR) is presently 49.32%.

Exxon Mobil Company Profile

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.