Exxon Mobil (NYSE:XOM) Upgraded at Piper Sandler

Piper Sandler upgraded shares of Exxon Mobil (NYSE:XOM) from a hold rating to a strong-buy rating in a report released on Wednesday, MarketBeat.com reports. Piper Sandler currently has $131.00 price target on the oil and gas company’s stock, up from their prior price target of $125.00.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Scotiabank lowered their target price on Exxon Mobil from $140.00 to $115.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Morgan Stanley lowered their target price on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Finally, Barclays reissued a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $125.40.

Exxon Mobil Trading Up 1.0%

Exxon Mobil stock opened at $112.15 on Wednesday. Exxon Mobil has a one year low of $97.80 and a one year high of $126.34. The business’s fifty day moving average is $107.32 and its 200 day moving average is $108.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 0.90. The stock has a market capitalization of $483.33 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50.

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

Exxon Mobil Announces Dividend

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

Institutional Trading of Exxon Mobil

Several institutional investors have recently made changes to their positions in XOM. 10Elms LLP purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $25,000. Graybill Wealth Management LTD. purchased a new stake 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 about $31,000. Elequin Capital LP purchased a new position in Exxon Mobil during the 1st quarter valued at approximately $31,000. Finally, Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at approximately $32,000. Hedge funds and other 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.