Exxon Mobil Co. (NYSE:XOM – Get Free Report)’s stock price traded up 0.7% on Monday after BMO Capital Markets raised their price target on the stock from $127.00 to $130.00. BMO Capital Markets currently has a market perform rating on the stock. Exxon Mobil traded as high as $126.34 and last traded at $125.70. 4,386,577 shares traded hands during trading, a decline of 74% from the average session volume of 16,795,404 shares. The stock had previously closed at $124.83.
Other equities analysts have also issued reports about the company. Mizuho boosted their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Barclays reduced their target price on Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley dropped their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Sanford C. Bernstein dropped their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, Evercore ISI raised shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Eight investment 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.29.
Read Our Latest Stock Report on Exxon Mobil
Institutional Trading of Exxon Mobil
Exxon Mobil Trading Down 2.6 %
The firm’s 50-day simple moving average is $116.50 and its 200 day simple moving average is $116.11. The firm has a market cap of $481.32 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 4.86 and a beta of 0.89. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, analysts expect that Exxon Mobil Co. will post 8.06 earnings per share for the current year.
Exxon Mobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.
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.
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