Exxon Mobil (NYSE:XOM) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Exxon Mobil (NYSE:XOMGet Rating) from a buy rating to a hold rating in a research report report published on Tuesday.

Several other equities analysts have also weighed in on XOM. Jefferies Financial Group upgraded shares of Exxon Mobil from a hold rating to a buy rating and boosted their target price for the company from $90.00 to $133.00 in a report on Wednesday, October 19th. Truist Financial upped their price objective on shares of Exxon Mobil from $111.00 to $114.00 in a report on Monday, October 31st. Morgan Stanley upped their price objective on shares of Exxon Mobil from $113.00 to $114.00 and gave the stock an overweight rating in a report on Wednesday, October 19th. Credit Suisse Group upped their price objective on shares of Exxon Mobil to $130.00 in a report on Tuesday, November 1st. Finally, Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $120.00 to $122.00 and gave the stock an overweight rating in a report on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $114.35.

Exxon Mobil Stock Performance

NYSE:XOM opened at $113.81 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.34 and a quick ratio of 1.02. The firm has a market capitalization of $468.70 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 0.48 and a beta of 1.11. The company’s 50-day moving average is $109.54 and its two-hundred day moving average is $101.20. Exxon Mobil has a 1-year low of $71.39 and a 1-year high of $126.54.

Exxon Mobil (NYSE:XOMGet Rating) last posted its earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.57. The company had revenue of $112.07 billion for the quarter, compared to analyst estimates of $102.96 billion. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. Exxon Mobil’s revenue was up 51.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.58 EPS. Analysts forecast that Exxon Mobil will post 13.92 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 9th. Stockholders of record on Tuesday, November 15th were issued a $0.91 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. The ex-dividend date was Monday, November 14th. This represents a $3.64 annualized dividend and a dividend yield of 3.20%. Exxon Mobil’s dividend payout ratio is presently 29.71%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $105.00, for a total value of $262,500.00. Following the completion of the transaction, the vice president now owns 34,272 shares in the company, valued at approximately $3,598,560. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.04% of the company’s stock.

Institutional Trading of Exxon Mobil

A number of large investors have recently bought and sold shares of XOM. Axiom Financial Strategies LLC boosted its stake in Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 1,173 shares during the period. Retirement Income Solutions Inc acquired a new stake in Exxon Mobil during the 1st quarter worth $275,000. Loomis Sayles & Co. L P boosted its stake in Exxon Mobil by 318.8% during the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 13,065 shares during the period. Ergoteles LLC boosted its stake in Exxon Mobil by 95.6% during the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after purchasing an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC acquired a new stake in Exxon Mobil during the 1st quarter worth $237,000. Institutional investors and hedge funds own 57.49% of the company’s stock.

Exxon Mobil Company Profile

(Get Rating)

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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