ExxonMobil Corporation (NYSE:XOM) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• ExxonMobil has an average analyst rating of “Moderate Buy”, with 10 hold ratings, 10 buy ratings, and 1 strong buy across 21 covering firms. The average 12-month price target is $163.95.
• The company recently beat quarterly earnings expectations, reporting $1.16 EPS versus $0.98 expected on revenue of $83.16 billion, and analysts now expect 11.49 EPS for the current fiscal year.
• ExxonMobil also announced a quarterly dividend of $1.03 per share, implying an annualized payout of $4.12 and a 2.7% yield. The payout ratio stands at 69.48%.

ExxonMobil Corporation (NYSE:XOM - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twenty-one ratings firms that are currently covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $163.95.

A number of equities research analysts have commented on XOM shares. Royal Bank Of Canada reiterated a "sector perform" rating and set a $180.00 target price on shares of ExxonMobil in a report on Tuesday, May 5th. Jefferies Financial Group increased their target price on ExxonMobil from $178.00 to $184.00 and gave the company a "buy" rating in a report on Thursday, April 9th. JPMorgan Chase & Co. increased their target price on ExxonMobil from $140.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday, April 9th. Mizuho increased their target price on ExxonMobil from $140.00 to $162.00 and gave the company a "neutral" rating in a report on Tuesday, March 17th. Finally, Wells Fargo & Company increased their target price on ExxonMobil from $183.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday, April 9th.

Insider Buying and Selling

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president owned 17,124 shares in the company, valued at approximately $2,662,782. This represents a 5.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% of the company's stock.

Institutional Investors Weigh In On ExxonMobil

A number of large investors have recently bought and sold shares of the stock. Summitry LLC grew its holdings in ExxonMobil by 17.7% during the 1st quarter. Summitry LLC now owns 7,136 shares of the oil and gas company's stock valued at $1,211,000 after buying an additional 1,071 shares during the last quarter. WNY Asset Management LLC purchased a new position in shares of ExxonMobil during the 1st quarter worth $2,917,000. Segall Bryant & Hamill LLC purchased a new position in shares of ExxonMobil during the 1st quarter worth $34,224,000. Montchanin Asset Management LLC purchased a new position in shares of ExxonMobil during the 1st quarter worth $281,000. Finally, BankChampaign National Association purchased a new position in shares of ExxonMobil during the 1st quarter worth $422,000. Institutional investors and hedge funds own 61.80% of the company's stock.

ExxonMobil Stock Performance

XOM opened at $154.82 on Friday. The stock has a market cap of $641.71 billion, a P/E ratio of 26.11, a P/E/G ratio of 0.68 and a beta of 0.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The stock's 50 day simple moving average is $155.79 and its 200 day simple moving average is $138.95. ExxonMobil has a 1-year low of $101.18 and a 1-year high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to analysts' expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company's revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.76 EPS. As a group, equities analysts anticipate that ExxonMobil will post 11.49 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil's dividend payout ratio is 69.48%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy signed a preliminary deal with Egypt to study development of Cyprus gas discoveries, opening a possible path to export gas through Egypt’s LNG infrastructure to Europe. Reuters: QatarEnergy, ExxonMobil sign deal with Egypt to study Cyprus gas development
• Positive Sentiment: Reports that ExxonMobil may be in talks to regain rights to produce oil in Venezuela suggest a potential long-term growth opportunity if the company can re-enter a major resource base. Reuters: Exxon may acquire rights to produce oil in Venezuela
• Positive Sentiment: Rising crude prices are also supportive, with WTI above $95 per barrel boosting Permian oil and associated gas activity, which could improve ExxonMobil’s upstream revenue and cash flow. Zacks: More Gas Per Barrel of Oil: A Growth Lever for Permian Operators
• Neutral Sentiment: Additional coverage highlighted ExxonMobil’s low-debt balance sheet and ongoing ability to fund dividends and projects, reinforcing the company’s financial resilience. Zacks: ExxonMobil's Resilience: What Sets it Apart in Uncertain Times
• Neutral Sentiment: Technical commentary said XOM is pulling back after a breakout and testing support levels, which traders may be watching for confirmation of the broader uptrend. FXEmpire: ExxonMobil (XOM) Price Forecast
• Negative Sentiment: Governance-related headlines, including Exxon’s clash with proxy advisers ISS and Glass Lewis, may keep some pressure on the stock by adding uncertainty around the Texas move and shareholder voting dynamics. WSJ: Exxon Blasts Proxy Advisers for Conflict of Interest in Fight Over Texas Move

About ExxonMobil

ExxonMobil Corporation NYSE: XOM is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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