Exxon Mobil Co. (NYSE:XOM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Exxon Mobil Co. (NYSE:XOM) have been given a consensus recommendation of “Moderate Buy” by the twenty-two research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $125.50.

XOM has been the subject of several recent research reports. Morgan Stanley cut their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Bernstein Bank boosted their price objective on shares of Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Royal Bank of Canada decreased their target price on Exxon Mobil from $115.00 to $105.00 and set a “sector perform” rating on the stock in a report on Monday, May 5th. Scotiabank lowered their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Finally, Piper Sandler reduced their price target on Exxon Mobil from $127.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, May 13th.

Institutional Trading of Exxon Mobil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Woodline Partners LP raised its holdings in Exxon Mobil by 39.3% in the 1st quarter. Woodline Partners LP now owns 367,764 shares of the oil and gas company’s stock valued at $43,738,000 after acquiring an additional 103,820 shares during the last quarter. Zurich Insurance Group Ltd FI increased its stake in Exxon Mobil by 55.0% in the first quarter. Zurich Insurance Group Ltd FI now owns 949,729 shares of the oil and gas company’s stock valued at $112,951,000 after purchasing an additional 336,810 shares during the last quarter. Prostatis Group LLC lifted its position in Exxon Mobil by 11.2% during the first quarter. Prostatis Group LLC now owns 16,428 shares of the oil and gas company’s stock worth $1,954,000 after buying an additional 1,661 shares during the period. American Trust boosted its stake in Exxon Mobil by 14.3% in the 1st quarter. American Trust now owns 4,766 shares of the oil and gas company’s stock worth $567,000 after buying an additional 596 shares during the last quarter. Finally, McIlrath & Eck LLC grew its holdings in Exxon Mobil by 7.3% in the 1st quarter. McIlrath & Eck LLC now owns 6,317 shares of the oil and gas company’s stock valued at $751,000 after buying an additional 432 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.4%

Exxon Mobil stock opened at $108.13 on Tuesday. The stock has a market cap of $466.01 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 3.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. Exxon Mobil has a one year low of $97.80 and a one year high of $126.34. The stock has a fifty day moving average of $108.98 and a 200 day moving average of $110.81.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.03. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The business had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. During the same period in the previous year, the company posted $2.06 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.99 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.66%. Exxon Mobil’s dividend payout ratio (DPR) is currently 52.52%.

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.