Exxon Mobil (NYSE:XOM) Raised to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Exxon Mobil (NYSE:XOMFree Report) from a sell rating to a hold rating in a report released on Friday morning.

A number of other brokerages also recently weighed in on XOM. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen boosted their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Piper Sandler downgraded Exxon Mobil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 28th. Mizuho decreased their price target on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Finally, Morgan Stanley lowered their price target on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $125.10.

View Our Latest Stock Analysis on Exxon Mobil

Exxon Mobil Stock Performance

XOM opened at $109.40 on Friday. The firm has a market cap of $471.49 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 2.13 and a beta of 0.49. Exxon Mobil has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The business’s fifty day moving average is $107.04 and its 200-day moving average is $108.50.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.03. The business had revenue of $83.13 billion during the quarter, compared to analysts’ expectations of $86.11 billion. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Exxon Mobil’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.06 earnings per share. Sell-side analysts expect that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s payout ratio is 52.52%.

Institutional Trading of Exxon Mobil

Several institutional investors have recently modified their holdings of the business. AdviceOne Advisory Services LLC lifted its holdings in Exxon Mobil by 2.8% during the 1st quarter. AdviceOne Advisory Services LLC now owns 5,667 shares of the oil and gas company’s stock worth $674,000 after buying an additional 155 shares during the period. Rainier Family Wealth Inc. bought a new position in shares of Exxon Mobil during the first quarter worth about $201,000. Maple Capital Management Inc. raised its position in shares of Exxon Mobil by 1.1% during the first quarter. Maple Capital Management Inc. now owns 15,406 shares of the oil and gas company’s stock worth $1,832,000 after acquiring an additional 169 shares during the last quarter. Compass Financial Services Inc lifted its stake in shares of Exxon Mobil by 24.5% in the first quarter. Compass Financial Services Inc now owns 559 shares of the oil and gas company’s stock worth $66,000 after acquiring an additional 110 shares during the period. Finally, 1248 Management LLC bought a new stake in Exxon Mobil in the first quarter valued at approximately $50,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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