Exxon Mobil’s (XOM) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Exxon Mobil (NYSE:XOM) in a report issued on Tuesday morning, Benzinga reports. They currently have a $120.00 target price on the oil and gas company’s stock.

A number of other equities analysts also recently issued reports on the stock. Redburn Atlantic reiterated a neutral rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research note on Tuesday, September 24th. BMO Capital Markets lifted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a market perform rating in a report on Friday, October 4th. UBS Group decreased their price objective on Exxon Mobil from $157.00 to $149.00 and set a buy rating for the company in a research note on Wednesday, September 18th. Morgan Stanley cut their target price on Exxon Mobil from $145.00 to $142.00 and set an overweight rating on the stock in a research note on Monday, September 16th. Finally, Sanford C. Bernstein reduced their target price on shares of Exxon Mobil from $139.00 to $138.00 and set an outperform rating for the company in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has an average rating of Moderate Buy and an average target price of $132.61.

Exxon Mobil Trading Up 0.4 %

XOM opened at $123.61 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average is $116.77 and its two-hundred day moving average is $116.26. The company has a market capitalization of $487.40 billion, a P/E ratio of 14.79, a PEG ratio of 5.02 and a beta of 0.89. Exxon Mobil has a 52 week low of $95.77 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 earnings per share. Analysts forecast that Exxon Mobil will post 8.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 45.45%.

Institutional Trading of Exxon Mobil

Institutional investors and hedge funds have recently bought and sold shares of the business. FPC Investment Advisory Inc. acquired a new position in Exxon Mobil during the first quarter valued at $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at about $35,000. Anfield Capital Management LLC boosted its stake in shares of Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the last quarter. Fairscale Capital LLC acquired a new stake in Exxon Mobil during the second quarter worth about $39,000. Finally, POM Investment Strategies LLC raised its position in Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.