Exxon Mobil (NYSE:XOM) Given New $125.00 Price Target at JPMorgan Chase & Co.

Exxon Mobil (NYSE:XOM) had its target price reduced by JPMorgan Chase & Co. from $130.00 to $125.00 in a research note released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the oil and gas company’s stock.

XOM has been the subject of a number of other reports. Barclays dropped their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Wells Fargo & Company upped their price objective on Exxon Mobil from $135.00 to $136.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, October 9th. BMO Capital Markets boosted their target price on Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Finally, TD Cowen decreased their price target on Exxon Mobil from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $129.68.

Exxon Mobil Stock Performance

NYSE:XOM opened at $106.42 on Monday. The stock has a market capitalization of $467.73 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $126.34. The firm has a 50 day moving average of $117.92 and a 200-day moving average of $116.24. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, November 1st. The oil and gas company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The company had revenue of $90.02 billion for the quarter, compared to analysts’ expectations of $93.98 billion. During the same quarter in the prior year, the business earned $2.27 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. As a group, sell-side analysts anticipate that Exxon Mobil will post 7.95 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.72%. The ex-dividend date was Thursday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio is presently 49.32%.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in Exxon Mobil by 0.3% in the third quarter. FMR LLC now owns 151,863,649 shares of the oil and gas company’s stock valued at $17,801,457,000 after acquiring an additional 395,218 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Exxon Mobil by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 92,194,981 shares of the oil and gas company’s stock valued at $10,777,735,000 after purchasing an additional 1,622,064 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Exxon Mobil by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,312,338 shares of the oil and gas company’s stock valued at $4,640,756,000 after purchasing an additional 4,080,716 shares during the period. Dimensional Fund Advisors LP increased its stake in Exxon Mobil by 16.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,794,077 shares of the oil and gas company’s stock worth $4,235,972,000 after purchasing an additional 5,330,887 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Exxon Mobil by 19.3% during the 2nd quarter. Legal & General Group Plc now owns 32,308,002 shares of the oil and gas company’s stock worth $3,719,296,000 after buying an additional 5,235,607 shares during the period. 61.80% of the stock is 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.