Exxon Mobil Co. (NYSE:XOM) Receives $129.15 Average Price Target from Brokerages

Shares of Exxon Mobil Co. (NYSE:XOM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-two brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, eleven have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $129.15.

XOM has been the subject of several analyst reports. Truist Financial increased their price objective on Exxon Mobil from $117.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. BMO Capital Markets reduced their target price on shares of Exxon Mobil from $130.00 to $123.00 and set a "market perform" rating for the company in a research report on Friday, January 31st. Scotiabank lowered their price objective on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. HSBC lowered their target price on shares of Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Finally, Wells Fargo & Company lowered their price target on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd.

Exxon Mobil Trading Up 0.4 %

NYSE XOM traded up $0.52 during trading hours on Monday, hitting $116.32. 5,725,468 shares of the company's stock were exchanged, compared to its average volume of 14,959,556. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil has a 1-year low of $103.67 and a 1-year high of $126.34. The stock has a 50-day simple moving average of $110.22 and a 200 day simple moving average of $113.58. The firm has a market cap of $504.71 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 3.02 and a beta of 0.83.

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Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period last year, the firm posted $2.48 earnings per share. On average, equities analysts forecast that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were given a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.40%. Exxon Mobil's payout ratio is currently 50.51%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. The trade was a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Exxon Mobil

A number of institutional investors have recently bought and sold shares of XOM. 10Elms LLP purchased a new stake in Exxon Mobil in the fourth quarter worth about $25,000. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter worth $32,000. Keystone Financial Group Inc. purchased a new position in Exxon Mobil in the fourth quarter worth about $36,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $46,000. 61.80% of the stock is owned by institutional investors.

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.