Morgan Stanley Cuts Exxon Mobil (NYSE:XOM) Price Target to $142.00

Exxon Mobil (NYSE:XOM - Free Report) had its price objective lowered by Morgan Stanley from $145.00 to $142.00 in a research report released on Monday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the oil and gas company's stock.

XOM has been the topic of several other research reports. Royal Bank of Canada restated a sector perform rating and issued a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 9th. Wells Fargo & Company reduced their price objective on shares of Exxon Mobil from $139.00 to $135.00 and set an overweight rating for the company in a research note on Monday, August 5th. Sanford C. Bernstein dropped their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an outperform rating on the stock in a research note on Wednesday, July 17th. Barclays cut their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an overweight rating on the stock in a report on Tuesday, July 9th. Finally, UBS Group boosted their price objective on shares of Exxon Mobil from $156.00 to $157.00 and gave the stock a buy rating in a report on Tuesday, August 20th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $136.24.

Exxon Mobil Trading Up 1.4 %

Shares of Exxon Mobil stock traded up $1.60 during midday trading on Monday, reaching $112.75. 11,725,340 shares of the company's stock traded hands, compared to its average volume of 16,847,553. The company has a market cap of $444.57 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. The stock has a 50 day moving average of $115.66 and a 200-day moving average of $115.14. Exxon Mobil has a 12 month low of $95.77 and a 12 month high of $123.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to analysts' expectations of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 EPS. As a group, equities analysts expect that Exxon Mobil will post 8.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil's payout ratio is 46.57%.

Institutional Trading of Exxon Mobil

Several institutional investors have recently made changes to their positions in the business. Gilbert & Cook Inc. raised its holdings in shares of Exxon Mobil by 2.2% during the 4th quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company's stock worth $2,547,000 after acquiring an additional 545 shares in the last quarter. Aveo Capital Partners LLC increased its holdings in shares of Exxon Mobil by 5.0% in the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company's stock worth $2,053,000 after buying an additional 984 shares during the last quarter. Gryphon Financial Partners LLC raised its position in shares of Exxon Mobil by 42.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company's stock valued at $1,827,000 after buying an additional 5,565 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 18.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 2,522 shares of the oil and gas company's stock valued at $252,000 after acquiring an additional 400 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Exxon Mobil by 99.0% in the 4th quarter. Clearbridge Investments LLC now owns 3,447,245 shares of the oil and gas company's stock valued at $344,656,000 after acquiring an additional 1,715,339 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.