Exxon Mobil (NYSE:XOM) Price Target Lowered to $127.00 at TD Cowen

Exxon Mobil (NYSE:XOM) had its target price lowered by TD Cowen from $130.00 to $127.00 in a research report released on Monday morning, Marketbeat.com reports. The firm currently has a buy rating on the oil and gas company’s stock.

XOM has been the subject of a number of other research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 8th. Redburn Atlantic reissued a “neutral” rating and set a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Wolfe Research lifted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Morgan Stanley dropped their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus price target of $129.95.

Exxon Mobil Stock Up 3.2 %

Shares of XOM opened at $118.61 on Monday. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a 50 day simple moving average of $117.67 and a two-hundred day simple moving average of $116.33. The firm has a market cap of $467.68 billion, a P/E ratio of 14.77, a P/E/G ratio of 4.79 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The company had revenue of $90.02 billion during the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.27 EPS. On average, analysts forecast that Exxon Mobil will post 7.99 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.34%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is presently 47.32%.

Institutional Investors Weigh In On Exxon Mobil

Hedge funds have recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil during the 1st quarter valued at about $25,000. Fairway Wealth LLC bought a new position in shares of Exxon Mobil in the second quarter worth approximately $35,000. Anfield Capital Management LLC grew its holdings in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC purchased a new stake in shares of Exxon Mobil during the second quarter valued at approximately $39,000. Finally, POM Investment Strategies LLC increased its position in shares of Exxon Mobil by 918.9% during the second 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 in the last quarter. 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.