ExxonMobil Corporation (NYSE:XOM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of ExxonMobil Corporation (NYSE:XOM) have received an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the company, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $165.70.

A number of equities research analysts have recently weighed in on XOM shares. BNP Paribas Exane set a $165.00 target price on ExxonMobil and gave the stock a “neutral” rating in a report on Friday, April 17th. TD Cowen reaffirmed a “buy” rating on shares of ExxonMobil in a research note on Monday. Weiss Ratings downgraded ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Piper Sandler dropped their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Wolfe Research downgraded ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Bank of America upgraded ExxonMobil from neutral to buy and set a $154 price target, saying the shares look undervalued after the recent pullback. Benzinga
• Positive Sentiment: Exxon filed for a 35-well exploration campaign in Guyana’s Stabroek block, reinforcing growth potential in one of its most important long-term assets. Article Title
• Neutral Sentiment: Analysts and media reports continue to highlight Exxon as a possible acquisition player, including speculation around Woodside Energy, but nothing has been confirmed. Article Title
• Neutral Sentiment: Broader energy stocks are weaker pre-market, which adds sector-wide pressure on XOM even as the stock draws positive analyst commentary. Article Title
• Negative Sentiment: Lower crude prices are the main headwind, since a sustained move below $80 could reduce ExxonMobil’s earnings power and slow investor enthusiasm for its upstream growth story. Article Title

ExxonMobil Trading Up 0.5%

Shares of ExxonMobil stock opened at $141.64 on Wednesday. The business has a fifty day simple moving average of $151.31 and a two-hundred day simple moving average of $142.92. ExxonMobil has a 1 year low of $105.53 and a 1 year high of $176.41. The company has a market capitalization of $587.08 billion, a price-to-earnings ratio of 23.88, a P/E/G ratio of 0.60 and a beta of 0.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results 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. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter last year, the firm posted $1.76 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Research analysts forecast that ExxonMobil will post 11.8 EPS for the current year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.9%. ExxonMobil’s payout ratio is presently 69.48%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Shariaportfolio Inc. acquired a new position in ExxonMobil during the first quarter worth about $322,000. S&A Financial Services Inc. acquired a new position in ExxonMobil during the first quarter worth about $363,000. E Wealth Partners LLC raised its stake in ExxonMobil by 4.4% during the first quarter. E Wealth Partners LLC now owns 3,515 shares of the oil and gas company’s stock worth $189,000 after acquiring an additional 148 shares in the last quarter. LFG Wealth Partners LLC raised its stake in ExxonMobil by 54.5% during the first quarter. LFG Wealth Partners LLC now owns 11,477 shares of the oil and gas company’s stock worth $1,947,000 after acquiring an additional 4,049 shares in the last quarter. Finally, US Asset Management LLC raised its stake in ExxonMobil by 28.5% during the first quarter. US Asset Management LLC now owns 5,274 shares of the oil and gas company’s stock worth $895,000 after acquiring an additional 1,170 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

About ExxonMobil

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.