Exxon Mobil (NYSE:XOM) Rating Reiterated by Morgan Stanley

Morgan Stanley reaffirmed their overweight rating on shares of Exxon Mobil (NYSE:XOM - Free Report) in a research note published on Wednesday, Marketbeat Ratings reports. They currently have a $145.00 price target on the oil and gas company's stock.

Several other equities analysts have also issued reports on XOM. HSBC raised their price objective on Exxon Mobil from $111.00 to $120.00 and gave the stock a hold rating in a report on Tuesday, April 30th. Scotiabank increased their price objective on Exxon Mobil from $114.00 to $129.00 and gave the company a sector perform rating in a report on Thursday, April 11th. Piper Sandler lifted their target price on shares of Exxon Mobil from $130.00 to $145.00 and gave the company an overweight rating in a report on Thursday, April 18th. Barclays began coverage on shares of Exxon Mobil in a research note on Wednesday, April 10th. They set an overweight rating and a $147.00 price target for the company. Finally, Royal Bank of Canada restated a sector perform rating and issued a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, February 5th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of Moderate Buy and an average target price of $135.00.

Exxon Mobil Trading Up 0.8 %

XOM traded up $0.94 during trading hours on Wednesday, reaching $118.62. The company's stock had a trading volume of 18,242,420 shares, compared to its average volume of 18,672,643. The business's 50-day moving average is $116.42 and its 200-day moving average is $107.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The stock has a market cap of $467.70 billion, a PE ratio of 14.37, a P/E/G ratio of 4.11 and a beta of 0.96. Exxon Mobil has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

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 the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company had revenue of $83.08 billion during the quarter, compared to analysts' expectations of $79.69 billion. During the same quarter last year, the firm posted $2.83 earnings per share. The firm's quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities research analysts predict that Exxon Mobil will post 9.57 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 3.20%. The ex-dividend date is Tuesday, May 14th. Exxon Mobil's payout ratio is 46.57%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the company's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. In related news, VP Darrin L. Talley sold 2,400 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value of $252,000.00. Following the transaction, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Darrin L. Talley sold 2,426 shares of the business's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the sale, the vice president now owns 25,363 shares of the company's stock, valued at $3,018,450.63. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company's stock.

Institutional Trading of Exxon Mobil

A number of institutional investors have recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at about $25,000. First Pacific Financial acquired a new position in shares of Exxon Mobil in the 1st quarter worth approximately $34,000. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $46,000. Vima LLC bought a new position in Exxon Mobil during the fourth quarter worth $50,000. Finally, ESL Trust Services LLC acquired a new position in Exxon Mobil in the first quarter worth $76,000. 61.80% of the stock is owned by hedge funds and other 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.