Mizuho Raises Exxon Mobil (NYSE:XOM) Price Target to $147.00

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 (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. The business had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.05 EPS. Equities research analysts forecast that Exxon Mobil will post 10.08 earnings per share for the current year.

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

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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.