Brokerages Set Exxon Mobil Corporation (NYSE:XOM) Price Target at $125.10

Shares of Exxon Mobil Corporation (NYSE:XOM - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-two analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $125.40.

XOM has been the subject of several recent analyst reports. TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Morgan Stanley reduced their target price on shares of Exxon Mobil from $141.00 to $138.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Mizuho decreased their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th.

Institutional Trading of Exxon Mobil

Several institutional investors have recently made changes to their positions in XOM. Tallon Kerry Patrick acquired a new stake in shares of Exxon Mobil during the 4th quarter valued at about $789,000. SOA Wealth Advisors LLC. lifted its holdings in Exxon Mobil by 29.5% during the 4th quarter. SOA Wealth Advisors LLC. now owns 6,996 shares of the oil and gas company's stock valued at $753,000 after purchasing an additional 1,595 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in Exxon Mobil by 13,899.5% during the 4th quarter. Proficio Capital Partners LLC now owns 1,888,812 shares of the oil and gas company's stock valued at $1,963,000 after purchasing an additional 1,875,320 shares during the last quarter. Duncker Streett & Co. Inc. lifted its holdings in Exxon Mobil by 3.4% during the 4th quarter. Duncker Streett & Co. Inc. now owns 54,936 shares of the oil and gas company's stock valued at $5,909,000 after purchasing an additional 1,811 shares during the last quarter. Finally, PCG Asset Management LLC bought a new position in Exxon Mobil during the 4th quarter valued at about $648,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $1.10 during trading on Wednesday, hitting $112.15. 11,223,580 shares of the company were exchanged, compared to its average volume of 15,771,659. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Exxon Mobil has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a market capitalization of $483.33 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 2.16 and a beta of 0.50. The firm has a 50 day moving average price of $107.32 and a 200 day moving average price of $108.51.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $3.96 annualized dividend and a yield of 3.53%. Exxon Mobil's dividend payout ratio is 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.