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

Exxon Mobil Co. (NYSE:XOM) has been assigned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $134.78.

A number of research analysts have issued reports on XOM shares. Barclays dropped their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Piper Sandler increased their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Scotiabank increased their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th.

Exxon Mobil Trading Down 1.6 %

Shares of Exxon Mobil stock opened at $113.40 on Wednesday. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a market cap of $447.14 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 4.44 and a beta of 0.91. The company has a 50-day moving average of $113.99 and a two-hundred day moving average of $111.26.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same period last year, the business posted $2.83 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. On average, research analysts anticipate that Exxon Mobil will post 8.65 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.35%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

Institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB lifted its holdings in shares of Exxon Mobil by 1.0% during the 4th quarter. Nordea Investment Management AB now owns 1,063,492 shares of the oil and gas company’s stock valued at $106,190,000 after acquiring an additional 10,747 shares in the last quarter. Strategic Investment Advisors MI lifted its holdings in shares of Exxon Mobil by 5.0% during the 4th quarter. Strategic Investment Advisors MI now owns 2,278 shares of the oil and gas company’s stock valued at $228,000 after acquiring an additional 108 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Exxon Mobil by 39.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 13,596 shares of the oil and gas company’s stock valued at $1,359,000 after acquiring an additional 3,857 shares in the last quarter. BKM Wealth Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $303,000. Finally, Pasadena Private Wealth LLC lifted its holdings in shares of Exxon Mobil by 5.4% during the 4th quarter. Pasadena Private Wealth LLC now owns 2,970 shares of the oil and gas company’s stock valued at $297,000 after acquiring an additional 152 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other 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.