Exxon Mobil Corporation (NYSE:XOM) Receives $125.10 Average Target Price from Analysts

Shares of Exxon Mobil Corporation (NYSE:XOM - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty-two analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, ten have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $125.40.

XOM has been the topic of several recent research reports. TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Scotiabank decreased their target price on Exxon Mobil from $140.00 to $115.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. UBS Group reduced their price target 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, Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd.

Exxon Mobil Trading Up 1.6%

Shares of Exxon Mobil stock traded up $1.78 during trading hours on Wednesday, reaching $111.02. The stock had a trading volume of 11,875,371 shares, compared to its average volume of 15,735,449. The firm has a market capitalization of $478.46 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 2.09 and a beta of 0.50. Exxon Mobil has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a current ratio of 1.24, a quick ratio of 0.90 and a debt-to-equity ratio of 0.12. The firm has a 50 day simple moving average of $107.10 and a two-hundred day simple moving average of $108.44.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results 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. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. The firm had revenue of $83.13 billion for the quarter, compared to analyst estimates of $86.11 billion. During the same quarter last year, the firm posted $2.06 earnings per share. Exxon Mobil's revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Exxon Mobil will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, May 15th. Exxon Mobil's dividend payout ratio is presently 52.52%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Quantinno Capital Management LP grew its holdings in shares of Exxon Mobil by 24.1% during the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after purchasing an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in Exxon Mobil during the 4th quarter valued at approximately $55,000. Legacy Trust grew its stake in Exxon Mobil by 12.7% during the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after buying an additional 997 shares during the last quarter. Renasant Bank increased its position in Exxon Mobil by 5.0% in the fourth quarter. Renasant Bank now owns 10,369 shares of the oil and gas company's stock worth $1,115,000 after buying an additional 493 shares during the period. Finally, Paradigm Capital Management LLC NV increased its position in Exxon Mobil by 1.6% in the fourth quarter. Paradigm Capital Management LLC NV now owns 14,244 shares of the oil and gas company's stock worth $1,532,000 after buying an additional 227 shares during the period. 61.80% of the stock is currently owned by institutional investors.

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.