Exxon Mobil Co. (NYSE:XOM) Given Consensus Recommendation of “Moderate Buy” by Analysts

Exxon Mobil Co. (NYSE:XOM) has earned an average rating of “Moderate Buy” from the twenty-two ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $129.15.

A number of equities research analysts recently commented on XOM shares. Royal Bank of Canada reissued a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a research report on Monday, February 3rd. Truist Financial increased their target price on shares of Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. decreased their target price on shares of Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group cut their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st.

Exxon Mobil Price Performance

Shares of XOM opened at $115.30 on Monday. The company has a 50 day moving average price of $110.09 and a 200-day moving average price of $113.57. Exxon Mobil has a fifty-two week low of $103.67 and a fifty-two week high of $126.34. The stock has a market capitalization of $500.29 billion, a PE ratio of 14.71, a PEG ratio of 3.02 and a beta of 0.83. 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 posted its earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the firm posted $2.48 EPS. Equities analysts predict that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.43%. Exxon Mobil’s payout ratio is currently 50.51%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at approximately $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prostatis Group LLC grew its position in Exxon Mobil by 12.0% during the fourth quarter. Prostatis Group LLC now owns 14,767 shares of the oil and gas company’s stock valued at $1,588,000 after buying an additional 1,577 shares during the period. M1 Capital Management LLC acquired a new stake in Exxon Mobil during the fourth quarter valued at $630,000. Northeast Planning Associates INC. NH purchased a new position in Exxon Mobil during the fourth quarter valued at $302,000. DSG Capital Advisors LLC purchased a new position in Exxon Mobil during the fourth quarter valued at $1,650,000. Finally, Chancellor Financial Group WB LP purchased a new position in Exxon Mobil during the fourth quarter valued at $706,000. Institutional investors and hedge funds 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.