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

Exxon Mobil Co. (NYSE:XOM) has been given a consensus recommendation of “Moderate Buy” by the twenty research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $129.95.

A number of brokerages have issued reports on XOM. JPMorgan Chase & Co. raised their price objective on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Wolfe Research raised their price target on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. BMO Capital Markets lifted their price objective on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Barclays cut their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Finally, Redburn Atlantic restated a “neutral” rating and set a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th.

Exxon Mobil Stock Up 0.9 %

NYSE:XOM opened at $120.33 on Tuesday. The stock’s fifty day moving average price is $118.59 and its two-hundred day moving average price is $116.42. The company has a market cap of $528.86 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 5.00 and a beta of 0.90. Exxon Mobil has a 52-week low of $95.77 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35.

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

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Hedge Funds Weigh In On Exxon Mobil

Several hedge funds have recently made changes to their positions in XOM. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at $35,000. Anfield Capital Management LLC increased its position in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new stake in Exxon Mobil during the second quarter worth about $39,000. POM Investment Strategies LLC boosted its position in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 shares during the last quarter. Finally, Hershey Financial Advisers LLC bought a new position in Exxon Mobil in the second quarter valued at approximately $46,000. 61.80% of the stock is owned by institutional investors.

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.