Exxon Mobil (NYSE:XOM) Price Target Lowered to $147.00 at UBS Group

Exxon Mobil (NYSE:XOM) had its price target reduced by UBS Group from $149.00 to $147.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the oil and gas company’s stock.

Other equities research analysts also recently issued reports about the company. Mizuho upped their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Bank of America began coverage on Exxon Mobil in a report on Thursday, October 17th. They set a “neutral” rating and a $124.00 target price on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $115.00 price target on shares of Exxon Mobil in a report on Thursday. Wolfe Research boosted their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. Finally, The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.84.

Exxon Mobil Stock Down 0.9 %

XOM opened at $110.84 on Thursday. The stock’s 50 day moving average price is $118.85 and its 200 day moving average price is $116.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01. The stock has a market cap of $487.15 billion, a P/E ratio of 13.80, a P/E/G ratio of 4.70 and a beta of 0.89. Exxon Mobil has a 12 month low of $95.77 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced 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 firm had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same quarter in the prior year, the firm posted $2.27 EPS. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil will post 7.95 earnings per share for the current year.

Exxon Mobil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.57%. Exxon Mobil’s payout ratio is presently 49.32%.

Institutional Trading of Exxon Mobil

Several hedge funds and other institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in Exxon Mobil by 532.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,815,314 shares of the oil and gas company’s stock worth $1,935,779,000 after purchasing an additional 14,158,054 shares during the last quarter. Primecap Management Co. CA acquired a new position in Exxon Mobil in the second quarter worth approximately $980,210,000. International Assets Investment Management LLC lifted its stake in Exxon Mobil by 7,761.0% in the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after acquiring an additional 6,805,982 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after acquiring an additional 5,330,887 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after purchasing an additional 5,235,607 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other 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.