Exxon Mobil (NYSE:XOM) Upgraded at BNP Paribas

BNP Paribas upgraded shares of Exxon Mobil (NYSE:XOM) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Several other equities analysts also recently weighed in on the stock. Mizuho dropped their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Exxon Mobil in a report on Monday, December 1st. Finally, UBS Group reissued a “buy” rating and set a $145.00 price target on shares of Exxon Mobil in a research report on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $128.48.

Exxon Mobil Trading Up 1.1%

NYSE XOM opened at $119.50 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14. The firm has a 50 day simple moving average of $115.33 and a 200-day simple moving average of $112.00. The firm has a market cap of $503.93 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.49 and a beta of 0.38. Exxon Mobil has a one year low of $97.80 and a one year high of $120.81.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. Equities research analysts anticipate that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Eagle Capital Management LLC raised its stake in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares during the period. Financial Engines Advisors L.L.C. grew its position in shares of Exxon Mobil by 12.3% during the first quarter. Financial Engines Advisors L.L.C. now owns 16,735 shares of the oil and gas company’s stock worth $1,991,000 after acquiring an additional 1,839 shares during the last quarter. Delos Wealth Advisors LLC increased its holdings in shares of Exxon Mobil by 13.1% in the 1st quarter. Delos Wealth Advisors LLC now owns 4,084 shares of the oil and gas company’s stock worth $486,000 after acquiring an additional 473 shares during the period. Taylor Hoffman Capital Management LLC lifted its position in Exxon Mobil by 25.8% in the 1st quarter. Taylor Hoffman Capital Management LLC now owns 14,137 shares of the oil and gas company’s stock valued at $1,683,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Core Wealth Partners LLC boosted its stake in Exxon Mobil by 0.7% during the 1st quarter. Core Wealth Partners LLC now owns 20,407 shares of the oil and gas company’s stock valued at $2,427,000 after purchasing an additional 148 shares during the period. 61.80% of the stock is currently owned by 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.