Exxon Mobil (NYSE:XOM) PT Lowered to $149.00 at UBS Group

Exxon Mobil (NYSE:XOM) had its price target decreased by UBS Group from $157.00 to $149.00 in a research report report published on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the oil and gas company’s stock.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley cut their price objective 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. Sanford C. Bernstein cut their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an outperform rating for the company in a report on Wednesday, July 17th. Mizuho upped their price target on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a neutral rating in a report on Monday, September 16th. Truist Financial cut their price target on shares of Exxon Mobil from $124.00 to $121.00 and set a hold rating for the company in a report on Monday, July 22nd. Finally, Evercore ISI raised shares of Exxon Mobil to a strong-buy rating in a report on Monday, August 5th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $135.76.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $115.27 on Wednesday. Exxon Mobil has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The firm’s 50-day simple moving average is $115.88 and its 200 day simple moving average is $115.40. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock has a market cap of $454.51 billion, a P/E ratio of 14.13, a P/E/G ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data 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 in the previous year, the business earned $1.94 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. Equities analysts expect that Exxon Mobil will post 8.36 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. Exxon Mobil’s dividend payout ratio is 46.57%.

Hedge Funds Weigh In On Exxon Mobil

A number of large investors have recently made changes to their positions in XOM. Gilbert & Cook Inc. increased its holdings in shares of Exxon Mobil by 2.2% in the 4th quarter. Gilbert & Cook Inc. now owns 25,473 shares of the oil and gas company’s stock valued at $2,547,000 after purchasing an additional 545 shares during the period. Aveo Capital Partners LLC increased its holdings in shares of Exxon Mobil by 5.0% in the 4th quarter. Aveo Capital Partners LLC now owns 20,530 shares of the oil and gas company’s stock valued at $2,053,000 after purchasing an additional 984 shares during the period. Gryphon Financial Partners LLC increased its holdings in shares of Exxon Mobil by 42.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 18,736 shares of the oil and gas company’s stock valued at $1,827,000 after purchasing an additional 5,565 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of Exxon Mobil by 18.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 2,522 shares of the oil and gas company’s stock valued at $252,000 after purchasing an additional 400 shares during the period. Finally, Quest Partners LLC acquired a new position in Exxon Mobil in the fourth quarter worth approximately $915,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

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.