Exxon Mobil Co. (NYSE:XOM) Receives Average Rating of “Moderate Buy” from Brokerages

Exxon Mobil Co. (NYSE:XOM) has earned a consensus recommendation of “Moderate Buy” from the twenty-two analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $129.25.

Several equities research analysts have issued reports on the stock. UBS Group dropped their target price on shares of Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. TD Cowen dropped their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Bernstein Bank upped their target price on shares of Exxon Mobil from $138.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Mizuho lowered their price target on Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, The Goldman Sachs Group cut their price objective on Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a report on Friday, January 31st.

Exxon Mobil Trading Down 0.3 %

Shares of XOM stock opened at $109.43 on Thursday. The company has a market capitalization of $474.84 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. Exxon Mobil has a 52-week low of $103.85 and a 52-week high of $126.34. The business’s fifty day moving average is $108.75 and its 200 day moving average is $114.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 1.31.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the firm posted $2.48 earnings per share. On average, equities research analysts anticipate that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Wednesday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,100 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the sale, the vice president now directly owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Peterson Wealth Advisors LLC lifted its holdings in Exxon Mobil by 2.8% in the third quarter. Peterson Wealth Advisors LLC now owns 22,133 shares of the oil and gas company’s stock worth $2,594,000 after buying an additional 593 shares during the period. IVC Wealth Advisors LLC raised its position in shares of Exxon Mobil by 36.3% in the 3rd quarter. IVC Wealth Advisors LLC now owns 9,967 shares of the oil and gas company’s stock worth $1,168,000 after acquiring an additional 2,655 shares in the last quarter. Insight Folios Inc lifted its stake in shares of Exxon Mobil by 4.7% in the 3rd quarter. Insight Folios Inc now owns 72,329 shares of the oil and gas company’s stock valued at $8,478,000 after purchasing an additional 3,232 shares during the period. FSA Advisors Inc. boosted its position in shares of Exxon Mobil by 3.6% during the third quarter. FSA Advisors Inc. now owns 3,006 shares of the oil and gas company’s stock valued at $351,000 after purchasing an additional 104 shares in the last quarter. Finally, Southern Capital Advisors LLC grew its stake in Exxon Mobil by 14.9% in the third quarter. Southern Capital Advisors LLC now owns 5,483 shares of the oil and gas company’s stock worth $643,000 after purchasing an additional 713 shares during the period. Hedge funds and other 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.