Exxon Mobil Corporation (NYSE:XOM) Receives $140.59 Consensus Target Price from Analysts

Exxon Mobil Corporation (NYSE:XOM) has been assigned a consensus rating of “Hold” from the eighteen analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $140.5882.

Several analysts recently commented on the stock. Royal Bank Of Canada raised their price target on shares of Exxon Mobil from $145.00 to $150.00 and gave the stock a “sector perform” rating in a report on Monday, February 2nd. Zacks Research upgraded shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. TD Cowen boosted their price target on shares of Exxon Mobil from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. Piper Sandler cut their price objective on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Friday, January 16th.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $148.47 on Thursday. The company has a market capitalization of $626.12 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 15.44 and a beta of 0.39. Exxon Mobil has a 1-year low of $97.80 and a 1-year high of $156.93. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $129.26 and its 200-day simple moving average is $118.77.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Thursday, February 12th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, February 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 61.58%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $149.18, for a total value of $481,851.40. Following the completion of the sale, the vice president directly owned 20,354 shares of the company’s stock, valued at $3,036,409.72. The trade was a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 14,230 shares of company stock valued at $1,888,421 in the last ninety days. 0.03% of the stock is owned by insiders.

Institutional Investors Weigh In On Exxon Mobil

A number of large investors have recently bought and sold shares of the business. Arete Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 6.6% in the fourth quarter. Arete Wealth Advisors LLC now owns 80,464 shares of the oil and gas company’s stock worth $9,683,000 after buying an additional 4,964 shares during the last quarter. Jacobi Capital Management LLC lifted its holdings in Exxon Mobil by 2.5% in the 4th quarter. Jacobi Capital Management LLC now owns 52,221 shares of the oil and gas company’s stock worth $6,284,000 after purchasing an additional 1,265 shares during the last quarter. CreativeOne Wealth LLC boosted its position in Exxon Mobil by 5.6% during the fourth quarter. CreativeOne Wealth LLC now owns 58,225 shares of the oil and gas company’s stock worth $7,007,000 after purchasing an additional 3,076 shares during the period. Security National Bank of Sioux City Iowa IA grew its holdings in Exxon Mobil by 0.6% during the fourth quarter. Security National Bank of Sioux City Iowa IA now owns 27,315 shares of the oil and gas company’s stock valued at $3,287,000 after purchasing an additional 158 shares during the last quarter. Finally, Burton Enright Welch bought a new position in shares of Exxon Mobil in the fourth quarter valued at approximately $429,000. 61.80% of the stock is currently owned by institutional investors.

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.