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

Exxon Mobil Co. (NYSE:XOM) has earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $133.71.

A number of research analysts have recently commented on XOM shares. Truist Financial reiterated a “hold” rating and set a $124.00 target price (down from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Morgan Stanley reiterated an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research note on Wednesday, May 15th. UBS Group increased their target price on Exxon Mobil from $150.00 to $152.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Wells Fargo & Company raised their price objective on Exxon Mobil from $138.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, April 30th. Finally, Piper Sandler raised their price target on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $110.87 on Friday. Exxon Mobil has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The business has a 50-day simple moving average of $115.70 and a two-hundred day simple moving average of $109.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The firm has a market cap of $437.16 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 3.90 and a beta of 0.92.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm had revenue of $83.08 billion during the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the prior year, the company posted $2.83 earnings per share. The company’s revenue was down 4.0% compared to the same quarter last year. On average, analysts expect that Exxon Mobil will post 9.36 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Tuesday, May 14th. Exxon Mobil’s dividend payout ratio (DPR) is 46.57%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,426 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XOM. FPC Investment Advisory Inc. bought a new stake in Exxon Mobil in the first quarter valued at about $25,000. First Pacific Financial acquired a new position in shares of Exxon Mobil during the first quarter worth approximately $34,000. Partnership Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth approximately $46,000. Vima LLC bought a new position in Exxon Mobil during the 4th quarter valued at $50,000. Finally, ESL Trust Services LLC bought a new position in Exxon Mobil during the 1st quarter valued at $76,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

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.