Exxon Mobil’s (XOM) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Exxon Mobil (NYSE:XOM) in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a $120.00 price objective on the oil and gas company’s stock.

XOM has been the topic of a number of other research reports. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price on the stock. in a research report on Wednesday, October 9th. Bank of America initiated coverage on Exxon Mobil in a research report on Thursday, October 17th. They set a “neutral” rating and a $124.00 price target on the stock. Sanford C. Bernstein lowered their price objective on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Finally, Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $129.95.

Exxon Mobil Price Performance

XOM opened at $120.95 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $476.91 billion, a P/E ratio of 15.06, a PEG ratio of 4.96 and a beta of 0.90. The stock has a 50-day moving average price of $117.78 and a 200-day moving average price of $116.36. Exxon Mobil has a 12-month low of $95.77 and a 12-month 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 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the business earned $2.27 earnings per share. Equities analysts predict that Exxon Mobil will post 7.97 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.27%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is currently 47.32%.

Institutional Trading of Exxon Mobil

A number of hedge funds have recently bought and sold shares of XOM. WFA Asset Management Corp increased its stake in shares of Exxon Mobil by 18.2% during the first quarter. WFA Asset Management Corp now owns 2,684 shares of the oil and gas company’s stock worth $312,000 after buying an additional 414 shares during the period. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Exxon Mobil in the first quarter valued at about $933,000. Resonant Capital Advisors LLC boosted its holdings in Exxon Mobil by 3.5% in the 1st quarter. Resonant Capital Advisors LLC now owns 44,850 shares of the oil and gas company’s stock valued at $5,212,000 after purchasing an additional 1,530 shares in the last quarter. StoneX Group Inc. raised its stake in shares of Exxon Mobil by 5.9% during the 1st quarter. StoneX Group Inc. now owns 43,226 shares of the oil and gas company’s stock worth $5,025,000 after buying an additional 2,392 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV lifted its holdings in Exxon Mobil by 58.6% in the first quarter. Smith Shellnut Wilson LLC ADV now owns 12,031 shares of the oil and gas company’s stock valued at $1,398,000 after acquiring an additional 4,447 shares during the period. Institutional investors and hedge funds 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.