Exxon Mobil (NYSE:XOM) Receives “Neutral” Rating from Redburn Atlantic

Redburn Atlantic restated their neutral rating on shares of Exxon Mobil (NYSE:XOM) in a research report sent to investors on Tuesday, Marketbeat reports. The firm currently has a $120.00 price target on the oil and gas company’s stock, up from their previous price target of $119.00.

Several other research analysts also recently weighed in on the company. Barclays dropped their target price on Exxon Mobil from $147.00 to $142.00 and set an overweight rating on the stock in a research note on Tuesday, July 9th. UBS Group cut their price objective on shares of Exxon Mobil from $157.00 to $149.00 and set a buy rating on the stock in a report on Wednesday, September 18th. Royal Bank of Canada reiterated a sector perform rating and issued a $135.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 9th. Morgan Stanley cut their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an overweight rating on the stock in a research note on Monday, September 16th. Finally, Wolfe Research began coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They set an outperform rating and a $146.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Exxon Mobil presently has an average rating of Moderate Buy and an average price target of $135.00.

Exxon Mobil Trading Up 2.7 %

XOM opened at $115.83 on Tuesday. Exxon Mobil has a 12 month low of $95.77 and a 12 month high of $123.75. The stock has a fifty day moving average price of $115.76 and a 200-day moving average price of $115.61. The firm has a market cap of $456.72 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 4.86 and a beta of 0.90. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same period last year, the business earned $1.94 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil will post 8.06 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 annualized dividend and a yield of 3.28%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors have recently made changes to their positions in XOM. Vanguard Group Inc. raised its position in shares of Exxon Mobil by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after acquiring an additional 1,269,495 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Exxon Mobil by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,161,783 shares of the oil and gas company’s stock worth $5,249,607,000 after purchasing an additional 2,676,652 shares during the period. Bank of New York Mellon Corp raised its holdings in Exxon Mobil by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock worth $4,640,756,000 after purchasing an additional 4,080,716 shares during the period. Dimensional Fund Advisors LP grew its holdings in Exxon Mobil by 16.9% in the second quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock valued at $4,235,972,000 after purchasing an additional 5,330,887 shares during the period. Finally, Legal & General Group Plc grew its holdings in Exxon Mobil by 19.3% in the second quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock valued at $3,719,296,000 after purchasing an additional 5,235,607 shares during the period. 61.80% of the stock is owned by hedge funds and other 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.