TD Cowen Raises Exxon Mobil (NYSE:XOM) Price Target to $135.00

Exxon Mobil (NYSE:XOM) had its price target increased by TD Cowen from $128.00 to $135.00 in a report issued on Tuesday morning, Marketbeat reports. The brokerage currently has a buy rating on the oil and gas company’s stock.

Several other research analysts also recently weighed in on XOM. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an overweight rating in a research report on Thursday, April 4th. UBS Group lifted their price target on Exxon Mobil from $133.00 to $150.00 and gave the company a buy rating in a report on Thursday, April 11th. Royal Bank of Canada reaffirmed a sector perform rating and set a $120.00 price objective on shares of Exxon Mobil in a research report on Monday, February 5th. Piper Sandler upped their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an overweight rating in a research note on Thursday, April 18th. Finally, Truist Financial raised their price objective on shares of Exxon Mobil from $140.00 to $146.00 and gave the company a buy rating in a research report on Friday, April 5th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $134.06.

Exxon Mobil Stock Up 0.2 %

Shares of XOM stock opened at $116.24 on Tuesday. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38. The business’s fifty day moving average is $114.41 and its 200-day moving average is $106.92. The stock has a market cap of $458.34 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 4.11 and a beta of 0.96.

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

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a yield of 3.27%. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following 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 document filed with the SEC, which is available through this link. Also, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now directly owns 25,363 shares in the company, valued at $3,018,450.63. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors have recently bought and sold shares of XOM. First Pacific Financial acquired a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $34,000. Partnership Wealth Management LLC bought a new position in Exxon Mobil during the fourth quarter worth about $46,000. Vima LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $50,000. Keener Financial Planning LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $80,000. Finally, Neo Ivy Capital Management bought a new stake in shares of Exxon Mobil in the 4th quarter valued at $80,000. 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.