Mizuho Cuts Exxon Mobil (NYSE:XOM) Price Target to $134.00

Exxon Mobil (NYSE:XOM) had its price target cut by Mizuho from $137.00 to $134.00 in a research report released on Monday,Benzinga reports. They currently have a neutral rating on the oil and gas company’s stock.

XOM has been the topic of several other research reports. Truist Financial reduced their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. BMO Capital Markets boosted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. The Goldman Sachs Group raised their price objective on Exxon Mobil from $118.00 to $120.00 in a research report on Thursday, October 31st. Wolfe Research increased their price target on Exxon Mobil from $137.00 to $138.00 in a research note on Thursday, October 31st. Finally, Redburn Atlantic reaffirmed a “neutral” rating and issued a $120.00 price objective (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.68.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $106.42 on Monday. The firm’s 50 day simple moving average is $117.92 and its two-hundred day simple moving average is $116.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The company has a market capitalization of $467.73 billion, a P/E ratio of 13.25, a P/E/G ratio of 4.70 and a beta of 0.89. Exxon Mobil has a 1-year low of $95.77 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. Exxon Mobil’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 EPS. Research analysts expect that Exxon Mobil will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. The ex-dividend date was Thursday, November 14th. This represents a $3.96 annualized dividend and a yield of 3.72%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is presently 49.32%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Fairway Wealth LLC purchased a new stake in Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC lifted its holdings in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new stake in Exxon Mobil during the 2nd quarter valued at about $39,000. POM Investment Strategies LLC boosted its position in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the 2nd quarter worth about $46,000. Institutional investors own 61.80% of the company’s stock.

About Exxon Mobil

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.