Exxon Mobil (NYSE:XOM) Price Target Cut to $125.00 by Analysts at JPMorgan Chase & Co.

Exxon Mobil (NYSE:XOM - Free Report) had its price target decreased by JPMorgan Chase & Co. from $130.00 to $125.00 in a research report report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the oil and gas company's stock.

A number of other equities analysts have also recently commented on the stock. Redburn Atlantic reaffirmed a "neutral" rating and set a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Barclays lowered their price objective on Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. Bank of America assumed coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 target price for the company. Mizuho reduced their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set a "neutral" rating for the company in a research report on Monday. Finally, UBS Group decreased their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $129.68.

Exxon Mobil Stock Down 2.1 %

NYSE:XOM traded down $2.37 during mid-day trading on Monday, hitting $108.47. 19,980,829 shares of the company's stock were exchanged, compared to its average volume of 16,313,651. Exxon Mobil has a one year low of $95.77 and a one year high of $126.34. The company has a market cap of $476.74 billion, a PE ratio of 13.64, a P/E/G ratio of 4.70 and a beta of 0.89. The business has a fifty day moving average price of $118.85 and a 200 day moving average price of $116.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

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

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is a positive change from Exxon Mobil's previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.65%. Exxon Mobil's dividend payout ratio (DPR) is currently 49.32%.

Institutional Inflows and Outflows

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

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.