Exxon Mobil (NYSE:XOM) Given New $154.00 Price Target at UBS Group

Exxon Mobil (NYSE:XOM) had its price objective boosted by UBS Group from $152.00 to $154.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the oil and gas company’s stock.

XOM has been the subject of several other research reports. Morgan Stanley reissued an overweight rating and set a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. Mizuho boosted their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a neutral rating in a research note on Monday, May 13th. TD Cowen boosted their target price on Exxon Mobil from $128.00 to $135.00 and gave the stock a buy rating in a research note on Tuesday, April 30th. Scotiabank boosted their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a sector perform rating in a research note on Thursday, April 11th. Finally, Barclays initiated coverage on Exxon Mobil in a research note on Wednesday, April 10th. They set an overweight rating and a $147.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of Moderate Buy and a consensus price target of $133.82.

Exxon Mobil Trading Up 0.4 %

XOM opened at $114.91 on Tuesday. Exxon Mobil has a twelve month low of $95.77 and a twelve month high of $123.75. The company has a 50-day simple moving average of $115.42 and a 200 day simple moving average of $109.42. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $453.09 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 4.11 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion for the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the prior year, the company earned $2.83 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. Analysts predict that Exxon Mobil will post 9.28 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 15th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.31%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s payout ratio is presently 46.57%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently modified their holdings of the business. FPC Investment Advisory Inc. bought a new position in shares of Exxon Mobil in the 1st quarter worth $25,000. First Pacific Financial bought a new position in shares of Exxon Mobil in the 1st quarter worth $34,000. Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $46,000. Vima LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $50,000. Finally, ESL Trust Services LLC bought a new position in shares of Exxon Mobil in the 1st quarter worth $76,000. 61.80% of the stock is currently owned by institutional investors.

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.