Exxon Mobil (NYSE:XOM - Free Report) had its price target decreased by TD Cowen from $132.00 to $128.00 in a report issued on Monday, Marketbeat.com reports. TD Cowen currently has a buy rating on the oil and gas company's stock.
Several other analysts also recently commented on XOM. JPMorgan Chase & Co. increased their price objective on Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Truist Financial cut their target price on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating on the stock in a research note on Monday, September 30th. Scotiabank upgraded Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Finally, Barclays reduced their target price 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $129.68.
View Our Latest Stock Analysis on XOM
Exxon Mobil Price Performance
Shares of NYSE XOM traded down $2.37 during mid-day trading on Monday, hitting $108.47. 19,980,829 shares of the stock traded hands, compared to its average volume of 16,313,651. 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 has a twelve month low of $95.77 and a twelve month high of $126.34. The firm has a 50 day simple moving average of $118.85 and a two-hundred day simple moving average of $116.41. The company has a market cap of $476.74 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89.
Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business's quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company posted $2.27 EPS. As a group, equities research analysts forecast that Exxon Mobil will post 7.95 EPS for the current fiscal year.
Exxon Mobil Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.65%. This is a positive change 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
Large investors have recently bought and sold shares of the business. Fairway Wealth LLC bought a new position in Exxon Mobil during the 2nd quarter valued at approximately $35,000. Anfield Capital Management LLC raised its position in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new stake in Exxon Mobil during the 2nd quarter valued at about $39,000. POM Investment Strategies LLC raised its holdings in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company's stock worth $43,000 after buying an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in shares of Exxon Mobil in the second quarter worth approximately $46,000. 61.80% of the stock is owned by hedge funds and other institutional investors.
About Exxon Mobil
(
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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.
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