Exxon Mobil (NYSE:XOM) Price Target Raised to $135.00

Exxon Mobil (NYSE:XOM) had its price objective upped by TD Cowen from $128.00 to $135.00 in a research note published on Friday, MarketBeat Ratings reports. They currently have a buy rating on the oil and gas company’s stock.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday. Bank of America dropped their price objective on Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Thursday. Barclays lowered their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Morgan Stanley increased their price objective on Exxon Mobil from $135.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.24.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $118.77 on Friday. The stock has a market capitalization of $500.88 billion, a P/E ratio of 17.26, a P/E/G ratio of 7.48 and a beta of 0.38. The business has a 50-day moving average of $115.60 and a two-hundred day moving average of $112.29. Exxon Mobil has a fifty-two week low of $97.80 and a fifty-two week high of $120.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The business had revenue of $57.55 billion for the quarter. On average, equities research analysts predict that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were paid a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, November 14th. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Institutional Trading of Exxon Mobil

Several institutional investors have recently made changes to their positions in the business. Elequin Capital LP bought a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $31,000. Westfuller Advisors LLC acquired a new stake in Exxon Mobil in the 3rd quarter valued at $30,000. Game Plan Financial Advisors LLC grew its position in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 300 shares during the period. 1248 Management LLC acquired a new position in Exxon Mobil during the first quarter worth $40,000. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Exxon Mobil during the second quarter valued at $38,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.