Analysts Set ExxonMobil Corporation (NYSE:XOM) Target Price at $164.45

Shares of ExxonMobil Corporation (NYSE:XOM) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $164.45.

XOM has been the subject of a number of analyst reports. Piper Sandler lowered their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the stock a “neutral” rating in a report on Friday, April 17th. Morgan Stanley cut their price target on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Mizuho decreased their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Finally, DZ Bank upgraded ExxonMobil to a “strong-buy” rating in a research report on Monday, July 6th.

Institutional Trading of ExxonMobil

Hedge funds and other institutional investors have recently bought and sold shares of the business. Berbice Capital Management LLC purchased a new position in ExxonMobil in the 4th quarter worth about $26,000. Midwest Capital Advisors LLC bought a new position in ExxonMobil in the 4th quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 187 shares in the last quarter. Key Capital Management INC purchased a new stake in shares of ExxonMobil in the fourth quarter valued at approximately $28,000. Finally, Nvest Wealth Strategies Inc. bought a new position in ExxonMobil in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Trading Up 0.9%

XOM opened at $145.79 on Friday. ExxonMobil has a 12 month low of $105.53 and a 12 month high of $176.41. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The stock has a 50-day moving average of $145.72 and a 200 day moving average of $146.30. The firm has a market cap of $604.31 billion, a P/E ratio of 24.59, a P/E/G ratio of 0.59 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. The business had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the company earned $1.76 EPS. As a group, research analysts forecast that ExxonMobil will post 11.43 EPS for the current year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. ExxonMobil’s payout ratio is presently 69.48%.

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.