Barclays Trims Exxon Mobil (NYSE:XOM) Target Price to $137.00

Exxon Mobil (NYSE:XOM) had its target price cut by Barclays from $142.00 to $137.00 in a research note released on Thursday, Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

Other equities research analysts have also issued research reports about the company. Wolfe Research assumed coverage on Exxon Mobil in a report on Thursday, July 18th. They issued an outperform rating and a $146.00 price objective on the stock. Royal Bank of Canada reaffirmed a sector perform rating and issued a $135.00 price objective on shares of Exxon Mobil in a report on Tuesday, July 9th. Redburn Atlantic reaffirmed a neutral rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. UBS Group lowered their price objective on Exxon Mobil from $157.00 to $149.00 and set a buy rating on the stock in a report on Wednesday, September 18th. Finally, Sanford C. Bernstein lowered their price objective on Exxon Mobil from $139.00 to $138.00 and set an outperform rating on the stock in a report on Wednesday, July 17th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of Moderate Buy and a consensus price target of $134.18.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $124.83 on Thursday. The stock has a market capitalization of $492.21 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 4.86 and a beta of 0.89. Exxon Mobil has a 52-week low of $95.77 and a 52-week high of $125.19. The stock’s 50-day moving average price is $116.31 and its 200 day moving average price is $116.00. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil will post 8.06 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently bought and sold shares of the stock. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil in the 1st quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new position in Exxon Mobil in the 2nd quarter valued at $35,000. Anfield Capital Management LLC raised its holdings in 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 valued at $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new position in Exxon Mobil in the 2nd quarter valued at $39,000. Finally, POM Investment Strategies LLC raised its holdings in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

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.