Brokerages Set Exxon Mobil Co. (NYSE:XOM) Target Price at $129.25

Exxon Mobil Co. (NYSE:XOM) has been assigned an average rating of “Moderate Buy” from the twenty-two research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $129.25.

A number of analysts recently commented on XOM shares. HSBC decreased their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and set a $115.00 price objective on shares of Exxon Mobil in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on Exxon Mobil from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. TD Cowen decreased their price target on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Finally, The Goldman Sachs Group lowered their price objective on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating on the stock in a report on Friday, January 31st.

Exxon Mobil Stock Performance

NYSE:XOM opened at $107.69 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Exxon Mobil has a twelve month low of $104.03 and a twelve month high of $126.34. The company has a fifty day moving average of $108.98 and a 200-day moving average of $114.12. The firm has a market capitalization of $467.28 billion, a P/E ratio of 13.74, a P/E/G ratio of 3.02 and a beta of 0.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a return on equity of 12.92% and a net margin of 9.63%. During the same quarter last year, the firm earned $2.48 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th will be paid a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 dividend on an annualized basis and a yield of 3.68%. Exxon Mobil’s dividend payout ratio (DPR) is presently 50.51%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the sale, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On Exxon Mobil

Large investors have recently added to or reduced their stakes in the company. Peterson Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 2.8% during the third quarter. Peterson Wealth Advisors LLC now owns 22,133 shares of the oil and gas company’s stock worth $2,594,000 after acquiring an additional 593 shares in the last quarter. IVC Wealth Advisors LLC raised its stake in shares of Exxon Mobil by 36.3% during the 3rd quarter. IVC Wealth Advisors LLC now owns 9,967 shares of the oil and gas company’s stock valued at $1,168,000 after purchasing an additional 2,655 shares during the period. Insight Folios Inc lifted its holdings in Exxon Mobil by 4.7% during the 3rd quarter. Insight Folios Inc now owns 72,329 shares of the oil and gas company’s stock worth $8,478,000 after purchasing an additional 3,232 shares in the last quarter. FSA Advisors Inc. boosted its stake in Exxon Mobil by 3.6% in the 3rd quarter. FSA Advisors Inc. now owns 3,006 shares of the oil and gas company’s stock worth $351,000 after purchasing an additional 104 shares during the period. Finally, Southern Capital Advisors LLC grew its holdings in Exxon Mobil by 14.9% during the 3rd quarter. Southern Capital Advisors LLC now owns 5,483 shares of the oil and gas company’s stock valued at $643,000 after buying an additional 713 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

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.