Exxon Mobil Co. (NYSE:XOM) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Exxon Mobil Co. (NYSE:XOM) have been given a consensus recommendation of “Moderate Buy” by the twenty brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $128.74.

A number of research firms recently commented on XOM. JPMorgan Chase & Co. dropped their price objective on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Wolfe Research raised their price target on shares of Exxon Mobil from $137.00 to $138.00 in a report on Thursday, October 31st. BNP Paribas cut shares of Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a report on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 target price on shares of Exxon Mobil in a report on Thursday, December 12th. Finally, Redburn Atlantic reiterated a “neutral” rating and set a $120.00 price target (up previously from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th.

Hedge Funds Weigh In On Exxon Mobil

Large investors have recently added to or reduced their stakes in the company. Eagle Capital Management LLC raised its position in Exxon Mobil by 4.9% in the second 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 in the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Exxon Mobil by 4.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 6,951 shares of the oil and gas company’s stock worth $800,000 after buying an additional 306 shares in the last quarter. ERn Financial LLC lifted its position in shares of Exxon Mobil by 2.2% during the 2nd quarter. ERn Financial LLC now owns 12,243 shares of the oil and gas company’s stock worth $1,409,000 after buying an additional 264 shares during the period. Triad Wealth Partners LLC boosted its stake in Exxon Mobil by 29.8% in the 2nd quarter. Triad Wealth Partners LLC now owns 6,722 shares of the oil and gas company’s stock valued at $774,000 after buying an additional 1,544 shares in the last quarter. Finally, Ellsworth Advisors LLC boosted its stake in Exxon Mobil by 2.2% in the 2nd quarter. Ellsworth Advisors LLC now owns 24,220 shares of the oil and gas company’s stock valued at $2,788,000 after buying an additional 514 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.3 %

Exxon Mobil stock opened at $105.87 on Friday. Exxon Mobil has a twelve month low of $95.77 and a twelve month high of $126.34. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The firm has a market cap of $465.31 billion, a PE ratio of 13.18, a P/E/G ratio of 4.70 and a beta of 0.89. The firm’s 50 day moving average price is $117.21 and its two-hundred day moving average price is $116.10.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data 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. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The business had revenue of $90.02 billion during the quarter, compared to analyst estimates of $93.98 billion. During the same period last year, the company earned $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% compared to the same quarter last year. On average, research analysts predict that Exxon Mobil will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business 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 an increase 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 3.74%. Exxon Mobil’s payout ratio is presently 49.32%.

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.