Exxon Mobil (NYSE:XOM) PT Lowered to $142.00

Exxon Mobil (NYSE:XOM) had its price objective decreased by Morgan Stanley from $145.00 to $142.00 in a research note published on Monday, Benzinga reports. Morgan Stanley currently has an overweight rating on the oil and gas company’s stock.

Other analysts have also recently issued reports about the company. Wells Fargo & Company lowered their price objective on Exxon Mobil from $139.00 to $135.00 and set an overweight rating on the stock in a research report on Monday, August 5th. Mizuho increased their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a neutral rating in a research note on Monday. Truist Financial decreased their target price on shares of Exxon Mobil from $124.00 to $121.00 and set a hold rating on the stock in a research report on Monday, July 22nd. Barclays dropped their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an overweight rating for the company in a research report on Tuesday, July 9th. Finally, Wolfe Research started coverage on Exxon Mobil in a report on Thursday, July 18th. They set an outperform rating and a $146.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of Moderate Buy and a consensus target price of $135.76.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $116.02 on Monday. The firm has a fifty day moving average price of $115.84 and a two-hundred day moving average price of $115.25. Exxon Mobil has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01. The company has a market cap of $457.47 billion, a PE ratio of 14.22, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the business earned $1.94 earnings per share. Analysts expect that Exxon Mobil will post 8.36 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.28%. Exxon Mobil’s dividend payout ratio is 46.57%.

Institutional Investors Weigh In On Exxon Mobil

A number of hedge funds have recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil in the 2nd quarter valued at $35,000. Anfield Capital Management LLC increased its stake in shares of Exxon Mobil by 360.0% in the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC bought a new stake in shares of Exxon Mobil during the second quarter worth $39,000. Finally, POM Investment Strategies LLC lifted its stake in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the period. Institutional investors 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.