Exxon Mobil (NYSE:XOM) Price Target Lowered to $127.00 at Piper Sandler

Exxon Mobil (NYSE:XOM - Free Report) had its price objective lowered by Piper Sandler from $138.00 to $127.00 in a research report report published on Thursday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the oil and gas company's stock.

Other research analysts also recently issued research reports about the company. UBS Group lowered their target price on Exxon Mobil from $149.00 to $147.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. Mizuho cut their target price 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. Barclays decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Bank of America started coverage on shares of Exxon Mobil in a research report on Thursday, October 17th. They set a "neutral" rating and a $124.00 price objective for the company. Finally, Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.74.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $0.91 during trading on Thursday, hitting $105.51. 20,523,264 shares of the company's stock traded hands, compared to its average volume of 16,340,303. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $126.34. The business has a 50-day simple moving average of $117.92 and a 200-day simple moving average of $116.24. The stock has a market capitalization of $463.73 billion, a P/E ratio of 13.14, a PEG ratio of 4.70 and a beta of 0.89. 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 quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the firm posted $2.27 EPS. The business's quarterly revenue was down .8% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Exxon Mobil's previous quarterly dividend of $0.95. Exxon Mobil's dividend payout ratio (DPR) is currently 49.32%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vertex Planning Partners LLC grew 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 worth $326,000 after buying an additional 83 shares in the last quarter. Etfidea LLC grew its position in Exxon Mobil by 3.3% in 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 increased its stake in Exxon Mobil by 0.6% during 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. raised its position in Exxon Mobil by 2.1% during the second 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 during the period. Finally, CBIZ Investment Advisory Services LLC lifted its stake in shares of Exxon Mobil by 15.2% in 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. 61.80% of the stock is currently 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.