Analysts Set Exxon Mobil Corporation (NYSE:XOM) Price Target at $125.42

Key Points

• Exxon Mobil has received a consensus recommendation of "Moderate Buy" from twenty analysts, with an average target price of $125.42 for the stock.
• Institutional investors own 61.80% of Exxon Mobil's shares, with several funds increasing their stakes recently, highlighting confidence in the company's performance.
• Exxon Mobil recently reported $1.76 earnings per share for the last quarter, above the consensus estimate, while also announcing a quarterly dividend of $0.99 per share.

Shares of Exxon Mobil Corporation (NYSE:XOM - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, eight have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $125.42.

Several brokerages recently issued reports on XOM. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. UBS Group cut their price objective on Exxon Mobil from $135.00 to $131.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Piper Sandler boosted their price objective on Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th.

Hedge Funds Weigh In On Exxon Mobil

Institutional investors have recently added to or reduced their stakes in the business. KPP Advisory Services LLC boosted its holdings in Exxon Mobil by 2.7% during the 2nd quarter. KPP Advisory Services LLC now owns 33,057 shares of the oil and gas company's stock valued at $3,564,000 after acquiring an additional 871 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in Exxon Mobil by 6.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 262,848 shares of the oil and gas company's stock worth $28,335,000 after buying an additional 15,901 shares during the period. Roman Butler Fullerton & Co. lifted its holdings in Exxon Mobil by 1.6% in the 2nd quarter. Roman Butler Fullerton & Co. now owns 9,262 shares of the oil and gas company's stock worth $1,023,000 after buying an additional 144 shares during the period. Cornerstone Advisory LLC lifted its holdings in Exxon Mobil by 38.2% in the 2nd quarter. Cornerstone Advisory LLC now owns 27,083 shares of the oil and gas company's stock worth $2,919,000 after buying an additional 7,488 shares during the period. Finally, Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in Exxon Mobil by 0.4% in the 2nd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 24,999 shares of the oil and gas company's stock worth $2,695,000 after buying an additional 95 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 0.8%

XOM stock traded down $0.86 during mid-day trading on Friday, reaching $112.02. The company's stock had a trading volume of 12,976,916 shares, compared to its average volume of 13,600,126. The company has a market cap of $482.77 billion, a price-to-earnings ratio of 14.86, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50. Exxon Mobil has a 12 month low of $97.80 and a 12 month high of $126.34. The business's 50 day moving average price is $109.17 and its 200 day moving average price is $109.13. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The oil and gas company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.73 by $0.03. The firm had revenue of $83.13 billion during the quarter, compared to the consensus estimate of $86.11 billion. Exxon Mobil had a return on equity of 12.06% and a net margin of 9.49%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.06 earnings per share. On average, equities research analysts predict that Exxon Mobil will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 15th were paid a dividend of $0.99 per share. The ex-dividend date was Thursday, May 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.54%. Exxon Mobil's payout ratio is 52.52%.

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.