Exxon Mobil (NYSE:XOM) PT Lowered to $149.00 at UBS Group

Exxon Mobil (NYSE:XOM) had its price objective lowered by UBS Group from $157.00 to $149.00 in a research note published on Wednesday morning, Benzinga reports. The firm currently has a buy rating on the oil and gas company’s stock.

XOM has been the topic of several other research reports. Mizuho raised their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a neutral rating in a report on Monday, September 16th. Truist Financial cut their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a hold rating on the stock in a report on Monday, July 22nd. Evercore ISI upgraded shares of Exxon Mobil to a strong-buy rating in a report on Monday, August 5th. Wells Fargo & Company cut their price target on shares of Exxon Mobil from $139.00 to $135.00 and set an overweight rating on the stock in a report on Monday, August 5th. Finally, Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an outperform rating on the stock in a report on Wednesday, July 17th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $135.76.

Exxon Mobil Trading Down 0.6 %

Shares of XOM stock opened at $115.27 on Wednesday. The firm has a market cap of $454.51 billion, a P/E ratio of 14.13, a PEG ratio of 4.38 and a beta of 0.90. Exxon Mobil has a 1-year low of $95.77 and a 1-year high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The firm’s 50-day simple moving average is $115.88 and its 200-day simple moving average is $115.40.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.94 EPS. As a group, equities analysts forecast that Exxon Mobil will post 8.36 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds have recently added to or reduced their stakes in XOM. Gilbert & Cook Inc. boosted its holdings in Exxon Mobil by 2.2% in the fourth quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock worth $2,547,000 after purchasing an additional 545 shares during the period. Aveo Capital Partners LLC lifted its stake in Exxon Mobil by 5.0% in the fourth quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock valued at $2,053,000 after buying an additional 984 shares during the last quarter. Gryphon Financial Partners LLC lifted its stake in Exxon Mobil by 42.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock valued at $1,827,000 after buying an additional 5,565 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in Exxon Mobil by 18.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,522 shares of the oil and gas company’s stock valued at $252,000 after buying an additional 400 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in Exxon Mobil in the fourth quarter valued at $915,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

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.