Exxon Mobil (NYSE:XOM) PT Raised to $130.00

Exxon Mobil (NYSE:XOM) had its price objective lifted by Mizuho from $128.00 to $130.00 in a report released on Monday morning, Benzinga reports. They currently have a neutral rating on the oil and gas company’s stock.

Other analysts have also recently issued reports about the stock. Barclays lowered their price objective on shares of Exxon Mobil from $147.00 to $142.00 and set an overweight rating for the company in a research note on Tuesday, July 9th. Royal Bank of Canada reissued a sector perform rating and set a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. UBS Group raised their price objective on Exxon Mobil from $156.00 to $157.00 and gave the stock a buy rating in a report on Tuesday, August 20th. Truist Financial decreased their target price on Exxon Mobil from $124.00 to $121.00 and set a hold rating for the company in a report on Monday, July 22nd. Finally, 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. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $135.76.

Exxon Mobil Stock Up 1.3 %

Shares of NYSE:XOM opened at $116.02 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm has a market cap of $457.47 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 4.38 and a beta of 0.90. The stock’s 50-day moving average price is $115.84 and its two-hundred day moving average price is $115.25. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. During the same period in the prior year, the firm posted $1.94 EPS. The company’s revenue was up 12.2% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil will post 8.36 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.28%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Patron Partners LLC increased its holdings in Exxon Mobil by 7.4% during the 2nd quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company’s stock worth $4,294,000 after purchasing an additional 2,564 shares during the last quarter. YHB Investment Advisors Inc. grew its position in shares of Exxon Mobil by 5.9% during the second quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company’s stock worth $3,770,000 after buying an additional 1,836 shares in the last quarter. Cooksen Wealth LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth $136,000. Scarborough Advisors LLC raised its holdings in Exxon Mobil by 720.2% in the fourth quarter. Scarborough Advisors LLC now owns 15,978 shares of the oil and gas company’s stock valued at $1,597,000 after acquiring an additional 14,030 shares in the last quarter. Finally, Lloyd Advisory Services LLC. boosted its stake in Exxon Mobil by 407.5% during the 1st quarter. Lloyd Advisory Services LLC. now owns 24,115 shares of the oil and gas company’s stock valued at $2,804,000 after acquiring an additional 19,363 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Company Profile

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.