Analysts Set Exxon Mobil Co. (NYSE:XOM) Target Price at $129.84

Exxon Mobil Co. (NYSE:XOM - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nineteen research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $129.84.

Several research analysts recently commented on the company. BMO Capital Markets boosted their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a "market perform" rating in a research note on Friday, October 4th. BNP Paribas lowered shares of Exxon Mobil from a "neutral" rating to an "underperform" rating and set a $105.00 target price on the stock. in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Royal Bank of Canada reissued a "sector perform" rating and issued a $115.00 price objective on shares of Exxon Mobil in a research report on Thursday. Finally, Mizuho boosted their target price on shares of Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th.

Exxon Mobil Trading Down 0.9 %

NYSE:XOM traded down $0.98 on Friday, reaching $110.84. 13,106,079 shares of the company's stock were exchanged, compared to its average volume of 16,298,435. The firm has a market capitalization of $487.15 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89. Exxon Mobil has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $118.85 and a 200-day moving average of $116.38.

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

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.57%. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil's dividend payout ratio (DPR) is 49.32%.

Institutional Investors Weigh In On Exxon Mobil

A number of institutional investors have recently added to or reduced their stakes in XOM. Vertex Planning Partners LLC increased its stake in shares of Exxon Mobil by 3.1% in the 3rd quarter. Vertex Planning Partners LLC now owns 2,778 shares of the oil and gas company's stock valued at $326,000 after purchasing an additional 83 shares during the last quarter. Etfidea LLC raised its stake in Exxon Mobil by 3.3% during the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company's stock worth $307,000 after acquiring an additional 85 shares in the last quarter. Bigelow Investment Advisors LLC lifted its holdings in shares of Exxon Mobil by 0.6% in the second quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company's stock worth $1,559,000 after acquiring an additional 86 shares during the last quarter. Integral Investment Advisors Inc. boosted its stake in shares of Exxon Mobil by 2.1% in the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company's stock valued at $483,000 after purchasing an additional 87 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of Exxon Mobil by 15.2% during the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company's stock valued at $76,000 after purchasing an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

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.