Analysts Set Exxon Mobil Co. (NYSE:XOM) PT at $134.06

Exxon Mobil Co. (NYSE:XOM - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eighteen research firms that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $134.06.

Several research analysts have issued reports on the stock. Truist Financial raised their price target on shares of Exxon Mobil from $140.00 to $146.00 and gave the stock a "buy" rating in a report on Friday, April 5th. Piper Sandler raised their price target on shares of Exxon Mobil from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, April 18th. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $138.00 to $142.00 and gave the stock an "overweight" rating in a report on Tuesday. Redburn Atlantic upgraded shares of Exxon Mobil from a "neutral" rating to a "buy" rating and raised their price target for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th.

Exxon Mobil Trading Down 0.2 %

NYSE XOM traded down $0.21 during trading hours on Friday, reaching $116.03. The company's stock had a trading volume of 28,021,338 shares, compared to its average volume of 18,548,303. The firm has a fifty day simple moving average of $114.41 and a 200-day simple moving average of $106.92. The stock has a market cap of $457.51 billion, a P/E ratio of 14.22, a P/E/G ratio of 4.03 and a beta of 0.96. Exxon Mobil has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.19 by ($0.13). The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.83 EPS. Equities analysts forecast that Exxon Mobil will post 9.6 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Wednesday, May 15th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, May 14th. Exxon Mobil's payout ratio is currently 46.57%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of Exxon Mobil stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares of the company's stock, valued at approximately $3,018,450.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of the firm's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares in the company, valued at approximately $3,169,845. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Darrin L. Talley sold 2,426 shares of the firm's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $119.01, for a total value of $288,718.26. Following the transaction, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Exxon Mobil

Several large investors have recently bought and sold shares of XOM. Norges Bank bought a new stake in shares of Exxon Mobil during the 4th quarter worth $5,519,753,000. Global Assets Advisory LLC raised its stake in shares of Exxon Mobil by 16,399.4% during the 1st quarter. Global Assets Advisory LLC now owns 12,616,904 shares of the oil and gas company's stock worth $1,466,589,000 after purchasing an additional 12,540,435 shares during the period. Fisher Asset Management LLC raised its stake in shares of Exxon Mobil by 566.2% during the 4th quarter. Fisher Asset Management LLC now owns 13,197,713 shares of the oil and gas company's stock worth $1,319,507,000 after purchasing an additional 11,216,602 shares during the period. International Assets Investment Management LLC raised its stake in shares of Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company's stock worth $491,678,000 after purchasing an additional 4,870,115 shares during the period. Finally, FMR LLC raised its stake in shares of Exxon Mobil by 3.0% during the 3rd quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company's stock worth $17,072,534,000 after purchasing an additional 4,162,149 shares during the period. 61.80% of the stock is currently owned by institutional investors.

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.