HSBC Raises Exxon Mobil (NYSE:XOM) Price Target to $120.00

Exxon Mobil (NYSE:XOM) had its price target upped by HSBC from $111.00 to $120.00 in a research note issued to investors on Tuesday morning, Benzinga reports. HSBC currently has a hold rating on the oil and gas company’s stock.

Several other equities research analysts have also commented on XOM. Piper Sandler boosted their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an overweight rating in a research report on Thursday, April 18th. Scotiabank upped their target price on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a sector perform rating in a research report on Thursday, April 11th. TD Cowen lifted their price target on shares of Exxon Mobil from $128.00 to $135.00 and gave the company a buy rating in a research report on Tuesday. Wells Fargo & Company upped their price target on Exxon Mobil from $138.00 to $142.00 and gave the stock an overweight rating in a report on Tuesday. Finally, Mizuho reaffirmed a neutral rating and set a $125.00 price objective on shares of Exxon Mobil in a report on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of Moderate Buy and a consensus target price of $134.06.

Exxon Mobil Trading Up 0.2 %

NYSE XOM opened at $116.24 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $458.34 billion, a P/E ratio of 14.25, a P/E/G ratio of 4.11 and a beta of 0.96. Exxon Mobil has a 52-week low of $95.77 and a 52-week high of $123.75. The firm has a 50-day moving average price of $114.41 and a 200 day moving average price of $106.92.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period last year, the company posted $2.83 earnings per share. The business’s quarterly revenue was down 4.0% on a year-over-year basis. Equities research analysts expect that Exxon Mobil will post 9.6 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be issued a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.27%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,400 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the completion of the transaction, the vice president now directly owns 30,189 shares in the company, valued at $3,169,845. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in shares of Exxon Mobil in the 1st quarter valued at about $5,314,000. Smith Salley Wealth Management raised its holdings in Exxon Mobil by 7.6% in the first quarter. Smith Salley Wealth Management now owns 54,268 shares of the oil and gas company’s stock valued at $6,308,000 after buying an additional 3,847 shares during the period. Meridian Management Co. lifted its position in Exxon Mobil by 7.0% during the first quarter. Meridian Management Co. now owns 5,755 shares of the oil and gas company’s stock valued at $669,000 after buying an additional 378 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Exxon Mobil by 7.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 122,774 shares of the oil and gas company’s stock worth $14,271,000 after buying an additional 8,248 shares during the period. Finally, Mutual Advisors LLC increased its position in shares of Exxon Mobil by 11.4% in the first quarter. Mutual Advisors LLC now owns 87,816 shares of the oil and gas company’s stock worth $10,208,000 after acquiring an additional 8,966 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

About Exxon Mobil

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.