Analysts Set Exxon Mobil Co. (NYSE:XOM) Target Price at $129.84

Exxon Mobil Co. (NYSE:XOM) has been assigned a consensus rating of “Moderate Buy” from the twenty ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $129.68.

XOM has been the subject of a number of analyst reports. BNP Paribas lowered shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. Redburn Atlantic reiterated 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. Mizuho reduced their target price on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds have recently bought and sold shares of XOM. Eagle Capital Management LLC boosted its stake in Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock valued at $283,000 after purchasing an additional 114 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in Exxon Mobil by 4.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 6,951 shares of the oil and gas company’s stock worth $800,000 after buying an additional 306 shares in the last quarter. ERn Financial LLC raised its position in Exxon Mobil by 2.2% in the 2nd quarter. ERn Financial LLC now owns 12,243 shares of the oil and gas company’s stock worth $1,409,000 after buying an additional 264 shares during the last quarter. Triad Wealth Partners LLC lifted its stake in Exxon Mobil by 29.8% during the 2nd quarter. Triad Wealth Partners LLC now owns 6,722 shares of the oil and gas company’s stock valued at $774,000 after acquiring an additional 1,544 shares during the period. Finally, Ellsworth Advisors LLC boosted its holdings in shares of Exxon Mobil by 2.2% during the 2nd quarter. Ellsworth Advisors LLC now owns 24,220 shares of the oil and gas company’s stock valued at $2,788,000 after acquiring an additional 514 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $106.42 on Friday. 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 1 year low of $95.77 and a 1 year high of $126.34. The stock’s 50 day simple moving average is $117.92 and its 200 day simple moving average is $116.24. The firm has a market cap of $467.73 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 4.70 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to the consensus estimate 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 for the quarter was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 earnings per share. As a group, analysts predict that Exxon Mobil will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Thursday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

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.