Exxon Mobil’s (XOM) “Sector Perform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Exxon Mobil (NYSE:XOM) in a research note issued to investors on Thursday morning,Benzinga reports. Royal Bank of Canada currently has a $115.00 price target on the oil and gas company’s stock.

A number of other research firms also recently commented on XOM. BNP Paribas downgraded Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 target price for the company. in a report on Wednesday, October 9th. BMO Capital Markets boosted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a report on Friday, October 4th. Wolfe Research increased their target price on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on Exxon Mobil from $118.00 to $120.00 in a research note on Thursday, October 31st. Finally, Truist Financial dropped their price objective on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.84.

Exxon Mobil Trading Down 0.1 %

NYSE XOM opened at $111.83 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $491.50 billion, a P/E ratio of 13.93, a P/E/G ratio of 4.70 and a beta of 0.89. Exxon Mobil has a 52-week low of $95.77 and a 52-week high of $126.34. The firm has a 50-day moving average price of $119.13 and a 200 day moving average price of $116.40.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.27 EPS. Equities research analysts expect that Exxon Mobil will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.54%. Exxon Mobil’s dividend payout ratio (DPR) is 49.32%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of XOM. Eagle Capital Management LLC grew its holdings in shares of Exxon Mobil by 4.9% during the 2nd quarter. Eagle Capital Management LLC now owns 2,460 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 114 shares during the period. Wedge Capital Management L L P NC raised its position in Exxon Mobil by 4.6% in the second quarter. Wedge Capital Management L L P NC now owns 6,951 shares of the oil and gas company’s stock valued at $800,000 after purchasing an additional 306 shares during the period. Montecito Bank & Trust lifted its stake in shares of Exxon Mobil by 1.6% during the second quarter. Montecito Bank & Trust now owns 31,298 shares of the oil and gas company’s stock worth $3,603,000 after purchasing an additional 487 shares in the last quarter. Mattern Wealth Management LLC boosted its position in shares of Exxon Mobil by 7.0% in the second quarter. Mattern Wealth Management LLC now owns 27,117 shares of the oil and gas company’s stock worth $3,122,000 after buying an additional 1,765 shares during the period. Finally, Brown Lisle Cummings Inc. boosted its holdings in Exxon Mobil by 1.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 23,529 shares of the oil and gas company’s stock worth $2,709,000 after acquiring an additional 273 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

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.