Exxon Mobil Co. (NYSE:XOM) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Exxon Mobil Co. (NYSE:XOM - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-two ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $125.50.

XOM has been the topic of several recent analyst reports. The Goldman Sachs Group cut their target price on Exxon Mobil from $125.00 to $123.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Truist Financial lifted their target price on Exxon Mobil from $117.00 to $119.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Barclays dropped their price objective on Exxon Mobil from $130.00 to $127.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. HSBC dropped their price objective on Exxon Mobil from $125.00 to $123.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Finally, Wells Fargo & Company dropped their price objective on Exxon Mobil from $136.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd.

Institutional Trading of Exxon Mobil

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Accredited Wealth Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $55,000. Rockline Wealth Management LLC lifted its position in shares of Exxon Mobil by 6.1% during the 4th quarter. Rockline Wealth Management LLC now owns 25,918 shares of the oil and gas company's stock worth $2,788,000 after purchasing an additional 1,498 shares during the last quarter. Renasant Bank lifted its position in shares of Exxon Mobil by 5.0% during the 4th quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after purchasing an additional 493 shares during the last quarter. Helen Stephens Group LLC lifted its position in shares of Exxon Mobil by 7.3% during the 4th quarter. Helen Stephens Group LLC now owns 41,637 shares of the oil and gas company's stock worth $4,479,000 after purchasing an additional 2,825 shares during the last quarter. Finally, Hartford Funds Management Co LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $543,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded up $0.29 during mid-day trading on Tuesday, hitting $109.45. The company had a trading volume of 13,348,367 shares, compared to its average volume of 15,574,647. The stock has a market cap of $471.69 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 3.02 and a beta of 0.51. Exxon Mobil has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. The firm's 50 day simple moving average is $109.04 and its two-hundred day simple moving average is $111.01.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, May 2nd. The oil and gas company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion for the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 EPS. As a group, equities research analysts forecast that Exxon Mobil will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th will be given a $0.99 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.62%. Exxon Mobil's dividend payout ratio is currently 52.52%.

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.