Exxon Mobil (NYSE:XOM) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Exxon Mobil (NYSE:XOM) in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has a $135.00 price target on the oil and gas company’s stock.

Other analysts have also issued reports about the stock. UBS Group raised their price target on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a buy rating in a research report on Tuesday, June 25th. Mizuho raised their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the stock a neutral rating in a research report on Monday, May 13th. Barclays assumed coverage on shares of Exxon Mobil in a research report on Wednesday, April 10th. They set an overweight rating and a $147.00 target price on the stock. Scotiabank lifted their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a sector perform rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an overweight rating in a research report on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $134.41.

Exxon Mobil Stock Up 0.0 %

Exxon Mobil stock opened at $113.27 on Tuesday. The company has a market capitalization of $446.62 billion, a P/E ratio of 13.88, a P/E/G ratio of 4.14 and a beta of 0.91. The firm’s fifty day simple moving average is $114.16 and its 200-day simple moving average is $110.42. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil has a 1-year low of $95.77 and a 1-year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.83 EPS. Sell-side analysts forecast that Exxon Mobil will post 9.02 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently modified their holdings of the business. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil during the first quarter worth approximately $25,000. First Pacific Financial acquired a new position in Exxon Mobil during the first quarter valued at approximately $34,000. Lynx Investment Advisory acquired a new position in Exxon Mobil during the second quarter valued at approximately $47,000. Partnership Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $46,000. Finally, Vima LLC acquired a new position in Exxon Mobil during the fourth quarter valued at approximately $50,000. 61.80% of the stock is owned by institutional investors.

About Exxon Mobil

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.