Exxon Mobil (NYSE:XOM) PT Raised to $136.00

Exxon Mobil (NYSE:XOM - Free Report) had its price objective boosted by Wells Fargo & Company from $135.00 to $136.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an overweight rating on the oil and gas company's stock.

Several other equities research analysts also recently weighed in on XOM. Evercore ISI raised Exxon Mobil to a strong-buy rating in a report on Monday, August 5th. Wolfe Research started coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an outperform rating and a $146.00 target price on the stock. UBS Group cut their price target on shares of Exxon Mobil from $157.00 to $149.00 and set a buy rating for the company in a report on Wednesday, September 18th. Truist Financial decreased their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a hold rating on the stock in a research report on Monday, July 22nd. Finally, Redburn Atlantic restated a neutral rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of Moderate Buy and a consensus target price of $135.88.

Exxon Mobil Stock Performance

Shares of XOM traded up $3.03 during mid-day trading on Friday, reaching $115.83. 15,962,062 shares of the company's stock were exchanged, compared to its average volume of 16,829,818. Exxon Mobil has a 52-week low of $95.77 and a 52-week high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The stock has a market capitalization of $456.72 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 4.86 and a beta of 0.90. The business's fifty day simple moving average is $115.77 and its 200-day simple moving average is $115.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.94 earnings per share. On average, equities research analysts expect that Exxon Mobil will post 8.06 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. Exxon Mobil's dividend payout ratio (DPR) is presently 46.57%.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently modified their holdings of the company. Patron Partners LLC grew its position in shares of Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company's stock valued at $4,294,000 after purchasing an additional 2,564 shares during the period. YHB Investment Advisors Inc. increased its stake in shares of Exxon Mobil by 5.9% during the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company's stock valued at $3,770,000 after acquiring an additional 1,836 shares during the last quarter. Cooksen Wealth LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth about $136,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Exxon Mobil by 79.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company's stock worth $98,914,000 after purchasing an additional 380,399 shares during the last quarter. Finally, Blair William & Co. IL raised its stake in Exxon Mobil by 64.6% during the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company's stock worth $111,392,000 after purchasing an additional 379,747 shares during the period. 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.