HSBC Boosts Exxon Mobil (NYSE:XOM) Price Target to $120.00

Exxon Mobil (NYSE:XOM) had its price objective upped by HSBC from $111.00 to $120.00 in a research report released on Tuesday, Benzinga reports. They currently have a hold rating on the oil and gas company’s stock.

XOM has been the topic of several other research reports. Piper Sandler boosted their price objective on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an overweight rating in a report on Thursday, April 18th. Mizuho restated a neutral rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, April 4th. Truist Financial raised their price objective on Exxon Mobil from $140.00 to $146.00 and gave the stock a buy rating in a research report on Friday, April 5th. Barclays began coverage on Exxon Mobil in a research report on Wednesday, April 10th. They set an overweight rating and a $147.00 price objective on the stock. Finally, Redburn Atlantic raised Exxon Mobil from a neutral rating to a buy rating and raised their target price for the stock from $116.00 to $119.00 in a research report on Tuesday, January 9th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $134.06.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $116.24 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $114.41 and a 200 day moving average price of $106.92. The company has a market cap of $458.34 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 4.11 and a beta of 0.96. Exxon Mobil has a twelve month low of $95.77 and a twelve month high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the prior year, the company posted $2.83 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year. Research analysts predict that Exxon Mobil will post 9.6 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction 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 directly owns 30,189 shares in the company, valued at approximately $3,169,845. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XOM. First Pacific Financial acquired a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $34,000. Partnership Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter valued at approximately $46,000. Vima LLC acquired a new stake in Exxon Mobil during the 4th quarter worth $50,000. Keener Financial Planning LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $80,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $80,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.