Exxon Mobil (NYSE:XOM – Get Rating) had its price target hoisted by Mizuho from $140.00 to $147.00 in a research note issued to investors on Friday, The Fly reports.
XOM has been the topic of a number of other reports. Cowen increased their price target on Exxon Mobil from $108.00 to $113.00 and gave the stock a market perform rating in a research report on Thursday, February 2nd. B. Riley raised their target price on Exxon Mobil from $128.00 to $133.00 and gave the company a buy rating in a research report on Thursday, February 2nd. Piper Sandler lowered their target price on Exxon Mobil from $131.00 to $127.00 and set an overweight rating on the stock in a research report on Monday, December 19th. Barclays raised their target price on Exxon Mobil from $111.00 to $129.00 and gave the company an overweight rating in a research report on Tuesday, January 3rd. Finally, Wells Fargo & Company raised their target price on Exxon Mobil from $125.00 to $133.00 and gave the company an overweight rating in a research report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $121.64.
Exxon Mobil Stock Down 1.2 %
Shares of Exxon Mobil stock opened at $107.78 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The business’s 50 day simple moving average is $112.29 and its 200-day simple moving average is $106.39. The stock has a market capitalization of $438.77 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 0.46 and a beta of 1.09. Exxon Mobil has a twelve month low of $76.25 and a twelve month high of $119.63.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the sale, the vice president now directly owns 31,772 shares of the company’s stock, valued at $3,669,666. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.04% of the stock is owned by company insiders.
Institutional Investors Weigh In On Exxon Mobil
A number of institutional investors have recently added to or reduced their stakes in the stock. Axiom Financial Strategies LLC boosted its holdings in shares of Exxon Mobil by 17.4% in the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after acquiring an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $275,000. Loomis Sayles & Co. L P boosted its holdings in shares of Exxon Mobil by 318.8% in 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 acquiring an additional 13,065 shares in the last quarter. Ergoteles LLC boosted its holdings in shares of Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $237,000. 57.49% of the stock is owned by institutional investors and hedge funds.
About Exxon Mobil
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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