Analysts Set Exxon Mobil Co. (NYSE:XOM) Price Target at $128.74

Shares of Exxon Mobil Co. (NYSE:XOM) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $128.74.

Several equities analysts have recently issued reports on the company. Barclays reduced their price objective on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. JPMorgan Chase & Co. decreased their price target on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Truist Financial reduced their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a report on Monday, September 30th. Finally, UBS Group lowered their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $106.54 on Wednesday. The firm has a market cap of $468.25 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 4.65 and a beta of 0.91. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $126.34. The firm’s 50-day simple moving average is $113.49 and its 200-day simple moving average is $115.65. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

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, topping the consensus estimate of $1.91 by $0.01. The firm had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the business posted $2.27 earnings per share. Equities analysts forecast that Exxon Mobil will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

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

Institutional Investors Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently bought and sold shares of XOM. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter valued at about $35,000. Fairscale Capital LLC bought a new position in Exxon Mobil during the second quarter worth about $39,000. Hershey Financial Advisers LLC acquired a new stake in Exxon Mobil during the second quarter valued at approximately $46,000. Peterson Financial Group Inc. bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $51,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of Exxon Mobil in the 3rd quarter worth approximately $54,000. 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.