Brokerages Set Exxon Mobil Corporation (NYSE:XOM) Target Price at $125.10

Exxon Mobil Corporation (NYSE:XOM) has earned a consensus rating of “Moderate Buy” from the twenty-two research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, nine have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $125.40.

XOM has been the topic of several recent analyst reports. TD Cowen boosted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Scotiabank reduced their price target on shares of Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Mizuho cut their target price on Exxon Mobil from $129.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, Barclays restated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd.

Hedge Funds Weigh In On Exxon Mobil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 10Elms LLP acquired a new position in Exxon Mobil during the 4th quarter worth $25,000. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil during the first quarter worth about $29,000. Fairway Wealth LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $31,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil during the first quarter worth approximately $31,000. Finally, Capital A Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.15 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The stock’s fifty day moving average is $107.32 and its two-hundred day moving average is $108.51. The firm has a market capitalization of $483.33 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50. Exxon Mobil has a fifty-two week low of $97.80 and a fifty-two week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion for the quarter, compared to analysts’ expectations of $86.11 billion. During the same quarter in the previous year, the company posted $2.06 EPS. The company’s revenue was up .1% compared to the same quarter last year. On average, research analysts anticipate that Exxon Mobil will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil’s payout ratio is currently 52.52%.

Exxon Mobil Company Profile

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.