Exxon Mobil (NYSE:XOM) PT Raised to $130.00 at BMO Capital Markets

Exxon Mobil (NYSE:XOM) had its target price increased by BMO Capital Markets from $127.00 to $130.00 in a report published on Friday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the oil and gas company’s stock.

Other research analysts have also recently issued research reports about the company. Mizuho lifted their target price on Exxon Mobil from $128.00 to $130.00 and gave the company a neutral rating in a report on Monday, September 16th. Wells Fargo & Company lifted their price objective on Exxon Mobil from $135.00 to $136.00 and gave the company an overweight rating in a research note on Friday, September 27th. Barclays dropped their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an overweight rating for the company in a research report on Thursday, October 3rd. Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an outperform rating on the stock in a report on Wednesday, July 17th. Finally, Evercore ISI upgraded shares of Exxon Mobil to a strong-buy rating in a research note on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Exxon Mobil has an average rating of Moderate Buy and a consensus target price of $134.18.

Exxon Mobil Trading Up 0.4 %

NYSE XOM opened at $125.36 on Friday. The company has a market cap of $494.30 billion, a P/E ratio of 15.41, a P/E/G ratio of 4.86 and a beta of 0.89. Exxon Mobil has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The company has a 50-day moving average of $116.31 and a 200-day moving average of $116.02.

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

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.03%. Exxon Mobil’s payout ratio is currently 46.57%.

Institutional Trading of Exxon Mobil

A number of hedge funds and other institutional investors have recently modified their holdings of XOM. Vanguard Group Inc. increased its holdings in Exxon Mobil by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after purchasing an additional 1,269,495 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Exxon Mobil by 6.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock valued at $5,249,607,000 after acquiring an additional 2,676,652 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Exxon Mobil by 11.3% in the second quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock valued at $4,640,756,000 after acquiring an additional 4,080,716 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after acquiring an additional 5,330,887 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after acquiring an additional 5,235,607 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other 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.