Exxon Mobil (NYSE:XOM) Price Target Increased to $135.00 by Analysts at TD Cowen

Exxon Mobil (NYSE:XOM) had its price objective boosted by TD Cowen from $128.00 to $135.00 in a research note released on Tuesday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the oil and gas company’s stock.

A number of other research firms also recently weighed in on XOM. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $126.00 to $138.00 and gave the stock an overweight rating in a research note on Thursday, April 4th. Piper Sandler raised their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an overweight rating in a research note on Thursday, April 18th. UBS Group raised their target price on shares of Exxon Mobil from $133.00 to $150.00 and gave the company a buy rating in a research note on Thursday, April 11th. Redburn Atlantic raised shares of Exxon Mobil from a neutral rating to a buy rating and raised their target price for the company from $116.00 to $119.00 in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of Moderate Buy and a consensus price target of $133.56.

Exxon Mobil Stock Performance

Shares of XOM opened at $118.22 on Tuesday. 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 company has a market capitalization of $467.95 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 4.05 and a beta of 0.96. The company’s 50 day simple moving average is $113.96 and its 200 day simple moving average is $106.79. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). The firm had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.83 EPS. On average, sell-side analysts predict that Exxon Mobil will post 9.7 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be given a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.21%. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Transactions at Exxon Mobil

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Exxon Mobil by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 388,543,396 shares of the oil and gas company’s stock worth $38,846,569,000 after buying an additional 1,269,495 shares during the last quarter. FMR LLC raised its stake in Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares during the last quarter. Norges Bank acquired a new position in Exxon Mobil during the 4th quarter valued at $5,519,753,000. Morgan Stanley raised its stake in Exxon Mobil by 2.0% during the 3rd quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock valued at $6,329,099,000 after purchasing an additional 1,066,937 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Exxon Mobil by 1.3% during the 3rd quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock valued at $5,137,865,000 after purchasing an additional 576,078 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

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.