Shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) have received an average recommendation of “Moderate Buy” from the twenty-three analysts that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $110.67.
A number of research firms have recently commented on XOM. StockNews.com began coverage on Exxon Mobil in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Exane BNP Paribas raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price target for the company in a report on Tuesday, November 1st. Wells Fargo & Company lowered their price objective on Exxon Mobil from $116.00 to $109.00 and set an “overweight” rating on the stock in a research report on Friday, October 7th. BNP Paribas upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price objective on the stock in a research report on Tuesday, November 1st. Finally, JPMorgan Chase & Co. increased their price objective on Exxon Mobil from $102.00 to $103.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 18th.
Exxon Mobil Price Performance
Exxon Mobil stock opened at $105.17 on Tuesday. Exxon Mobil has a one year low of $57.96 and a one year high of $114.66. The business has a fifty day moving average price of $108.16 and a 200-day moving average price of $97.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.02. The firm has a market capitalization of $433.12 billion, a P/E ratio of 8.59, a PEG ratio of 0.30 and a beta of 1.13.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.57. Exxon Mobil had a return on equity of 29.52% and a net margin of 12.86%. The firm had revenue of $112.07 billion during the quarter, compared to analyst estimates of $102.96 billion. During the same period last year, the company earned $1.58 earnings per share. The business’s revenue for the quarter was up 51.9% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil will post 13.87 EPS for the current year.
Exxon Mobil Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 9th. Shareholders of record on Tuesday, November 15th were given a dividend of $0.91 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Monday, November 14th. This represents a $3.64 dividend on an annualized basis and a yield of 3.46%. Exxon Mobil’s dividend payout ratio (DPR) is currently 29.71%.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $105.00, for a total value of $262,500.00. Following the transaction, the vice president now owns 34,272 shares in the company, valued at $3,598,560. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of XOM. Wealthquest Corp raised its holdings in Exxon Mobil by 1.4% during the 3rd quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock worth $578,000 after buying an additional 89 shares during the period. FourThought Financial LLC raised its holdings in Exxon Mobil by 0.3% during the 3rd quarter. FourThought Financial LLC now owns 31,022 shares of the oil and gas company’s stock worth $2,709,000 after buying an additional 94 shares during the period. Wilson & Boucher Capital Management LLC raised its holdings in Exxon Mobil by 1.8% during the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock worth $475,000 after buying an additional 95 shares during the period. Bloom Inc. raised its holdings in Exxon Mobil by 0.8% during the 3rd quarter. Bloom Inc. now owns 12,226 shares of the oil and gas company’s stock worth $1,082,000 after buying an additional 97 shares during the period. Finally, OneAscent Wealth Management LLC raised its holdings in Exxon Mobil by 1.5% during the 3rd quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company’s stock worth $589,000 after buying an additional 97 shares during the period. Hedge funds and other institutional investors own 56.84% of the company’s stock.
About Exxon Mobil
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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
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