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

StockNews.com downgraded shares of Exxon Mobil (NYSE:XOM – Get 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:XOM – Get 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

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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.