Exxon Mobil (NYSE:XOM) Given New $115.00 Price Target at Scotiabank

Exxon Mobil (NYSE:XOM - Free Report) had its price target reduced by Scotiabank from $140.00 to $115.00 in a report issued on Friday,Benzinga reports. They currently have a sector outperform rating on the oil and gas company's stock.

XOM has been the topic of a number of other reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $115.00 target price on shares of Exxon Mobil in a research note on Monday, February 3rd. Mizuho lowered their price objective on Exxon Mobil from $131.00 to $129.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Morgan Stanley dropped their price target on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Wells Fargo & Company cut their price objective on shares of Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $126.95.

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Exxon Mobil Trading Up 3.1 %

Shares of XOM traded up $3.12 during trading hours on Friday, hitting $103.05. The stock had a trading volume of 22,869,206 shares, compared to its average volume of 16,005,429. The firm has a market cap of $445.70 billion, a P/E ratio of 13.14, a P/E/G ratio of 3.02 and a beta of 0.61. Exxon Mobil has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The company's fifty day simple moving average is $110.33 and its 200 day simple moving average is $113.19.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing the consensus estimate 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 in the previous year, the business earned $2.48 earnings per share. Equities research analysts forecast that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.84%. Exxon Mobil's dividend payout ratio is 50.51%.

Insider Activity

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

Institutional Investors Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Perkins Coie Trust Co lifted its position in Exxon Mobil by 3.9% during the 1st quarter. Perkins Coie Trust Co now owns 8,011 shares of the oil and gas company's stock worth $953,000 after acquiring an additional 297 shares during the last quarter. Gleason Group Inc. increased its holdings in Exxon Mobil by 0.9% in the 1st quarter. Gleason Group Inc. now owns 16,535 shares of the oil and gas company's stock valued at $1,966,000 after buying an additional 148 shares during the period. Persium Advisors LLC increased its stake in Exxon Mobil by 6.9% in the first quarter. Persium Advisors LLC now owns 6,061 shares of the oil and gas company's stock valued at $721,000 after acquiring an additional 389 shares during the period. Joule Financial LLC raised its holdings in shares of Exxon Mobil by 6.7% in the 1st quarter. Joule Financial LLC now owns 17,438 shares of the oil and gas company's stock worth $2,074,000 after buying an additional 1,101 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its holdings in shares of Exxon Mobil by 19.2% during the first quarter. Princeton Global Asset Management LLC now owns 13,695 shares of the oil and gas company's stock valued at $1,629,000 after acquiring an additional 2,205 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.