Exxon Mobil (NYSE:XOM) Given New $156.00 Price Target at Wells Fargo & Company

Exxon Mobil (NYSE:XOM) had its price target reduced by Wells Fargo & Company from $158.00 to $156.00 in a research report report published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the oil and gas company’s stock.

Other equities research analysts have also recently issued reports about the company. Bank of America boosted their price target on Exxon Mobil from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Morgan Stanley cut their target price on Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Citigroup increased their target price on Exxon Mobil from $115.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Royal Bank Of Canada boosted their price target on Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, Mizuho increased their price objective on shares of Exxon Mobil from $129.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $138.53.

Exxon Mobil Trading Down 2.0%

XOM stock opened at $138.51 on Monday. Exxon Mobil has a 52 week low of $97.80 and a 52 week high of $142.34. The company has a market capitalization of $584.12 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 14.93 and a beta of 0.39. The company’s 50-day simple moving average is $123.25 and its 200 day simple moving average is $116.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. Exxon Mobil had a net margin of 8.68% and a return on equity of 11.21%. The firm had revenue of $82.31 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same quarter in the previous year, the firm posted $1.67 EPS. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. Exxon Mobil’s dividend payout ratio is 61.58%.

Insider Activity

In related news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the transaction, the vice president directly owned 28,584 shares in the company, valued at $3,349,758.96. This represents a 9.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Eagle Capital Management LLC raised its stake in shares of Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 376 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Exxon Mobil in the first quarter worth $305,000. Sivia Capital Partners LLC increased its holdings in Exxon Mobil by 1.9% in the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after purchasing an additional 207 shares during the period. 25 LLC raised its position in Exxon Mobil by 10.4% during the 2nd quarter. 25 LLC now owns 2,673 shares of the oil and gas company’s stock worth $288,000 after purchasing an additional 252 shares during the last quarter. Finally, Abacus Planning Group Inc. lifted its holdings in Exxon Mobil by 0.6% during the 2nd quarter. Abacus Planning Group Inc. now owns 17,359 shares of the oil and gas company’s stock worth $1,871,000 after buying an additional 109 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Company Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.