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

Exxon Mobil Co. (NYSE:XOM) has received a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $128.74.

A number of equities analysts have recently weighed in on XOM shares. Barclays lowered their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. The Goldman Sachs Group lifted their target price on Exxon Mobil from $118.00 to $120.00 in a report on Thursday, October 31st. Redburn Atlantic restated a “neutral” rating and issued a $120.00 price target (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 price objective on shares of Exxon Mobil in a research note on Thursday, December 12th. Finally, BMO Capital Markets increased their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds have recently made changes to their positions in XOM. McAlister Sweet & Associates Inc. boosted its holdings in shares of Exxon Mobil by 19.6% during the 4th quarter. McAlister Sweet & Associates Inc. now owns 48,151 shares of the oil and gas company’s stock valued at $5,180,000 after acquiring an additional 7,892 shares in the last quarter. Bangor Savings Bank boosted its stake in shares of Exxon Mobil by 74.1% during the fourth quarter. Bangor Savings Bank now owns 44,423 shares of the oil and gas company’s stock valued at $4,779,000 after purchasing an additional 18,900 shares in the last quarter. Canandaigua National Trust Co of Florida grew its holdings in shares of Exxon Mobil by 30.3% during the fourth quarter. Canandaigua National Trust Co of Florida now owns 6,444 shares of the oil and gas company’s stock worth $693,000 after purchasing an additional 1,499 shares during the last quarter. Canandaigua National Bank & Trust Co. increased its stake in shares of Exxon Mobil by 1.7% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 220,576 shares of the oil and gas company’s stock valued at $23,727,000 after buying an additional 3,716 shares during the period. Finally, Ables Iannone Moore & Associates Inc. raised its holdings in Exxon Mobil by 2.4% in the 4th quarter. Ables Iannone Moore & Associates Inc. now owns 8,235 shares of the oil and gas company’s stock valued at $886,000 after buying an additional 196 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 0.9 %

Shares of Exxon Mobil stock opened at $108.74 on Wednesday. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $126.34. The company has a market capitalization of $477.92 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 4.65 and a beta of 0.91. The business has a fifty day simple moving average of $114.06 and a two-hundred day simple moving average of $115.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion during the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.27 EPS. Research analysts forecast that Exxon Mobil will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm 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. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

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.