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

Royal Bank of Canada restated their sector perform rating on shares of Exxon Mobil (NYSE:XOM) in a report released on Monday,Benzinga reports. Royal Bank of Canada currently has a $115.00 price target on the oil and gas company’s stock.

A number of other brokerages have also weighed in on XOM. Bank of America started coverage on Exxon Mobil in a research note on Thursday, October 17th. They issued a “neutral” rating and a $124.00 target price on the stock. Truist Financial upped their target price on Exxon Mobil from $117.00 to $119.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. The Goldman Sachs Group decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday. Piper Sandler reduced their price objective on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. reduced their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $129.25.

Exxon Mobil Price Performance

Shares of XOM opened at $107.08 on Monday. Exxon Mobil has a 52-week low of $100.42 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31. The business’s 50 day moving average price is $110.36 and its two-hundred day moving average price is $115.21. The firm has a market cap of $470.63 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 2.79 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same period in the prior year, the company posted $2.48 EPS. On average, equities analysts anticipate that Exxon Mobil will post 7.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.99 per share. The ex-dividend date is Wednesday, February 12th. This represents a $3.96 annualized dividend and a dividend yield of 3.70%. Exxon Mobil’s dividend payout ratio (DPR) is 50.51%.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its holdings in Exxon Mobil by 3.4% in the 4th quarter. First Horizon Advisors Inc. now owns 303,662 shares of the oil and gas company’s stock valued at $32,665,000 after purchasing an additional 10,125 shares in the last quarter. Olympiad Research LP acquired a new position in shares of Exxon Mobil during the 4th quarter valued at about $335,000. Capital City Trust Co. FL increased its stake in shares of Exxon Mobil by 0.8% during the 4th quarter. Capital City Trust Co. FL now owns 43,394 shares of the oil and gas company’s stock valued at $4,668,000 after acquiring an additional 346 shares during the last quarter. Cowa LLC increased its stake in shares of Exxon Mobil by 8.6% during the 4th quarter. Cowa LLC now owns 8,158 shares of the oil and gas company’s stock valued at $878,000 after acquiring an additional 649 shares during the last quarter. Finally, Redmond Asset Management LLC increased its stake in shares of Exxon Mobil by 10.7% during the 4th quarter. Redmond Asset Management LLC now owns 7,478 shares of the oil and gas company’s stock valued at $804,000 after acquiring an additional 725 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

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.