Exxon Mobil (NYSE:XOM) Price Target Cut to $121.00 by Analysts at Truist Financial

Exxon Mobil (NYSE:XOM) had its target price lowered by Truist Financial from $124.00 to $121.00 in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has a hold rating on the oil and gas company’s stock.

XOM has been the subject of several other reports. HSBC increased their price target on Exxon Mobil from $111.00 to $120.00 and gave the company a hold rating in a research report on Tuesday, April 30th. Wells Fargo & Company raised their price objective on Exxon Mobil from $138.00 to $142.00 and gave the company an overweight rating in a research report on Tuesday, April 30th. TD Cowen raised their price objective on Exxon Mobil from $128.00 to $135.00 and gave the company a buy rating in a research report on Tuesday, April 30th. Royal Bank of Canada restated a sector perform rating and issued a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 9th. Finally, Mizuho boosted their price target on Exxon Mobil from $125.00 to $128.00 and gave the company a neutral rating in a research note on Monday, May 13th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $134.78.

Exxon Mobil Stock Up 1.4 %

Shares of Exxon Mobil stock opened at $115.00 on Monday. Exxon Mobil has a 1 year low of $95.77 and a 1 year high of $123.75. The business has a 50-day moving average of $113.92 and a two-hundred day moving average of $111.28. The company has a market capitalization of $453.45 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 4.44 and a beta of 0.91. 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) last announced its quarterly earnings results 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). The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.83 earnings per share. As a group, equities analysts predict that Exxon Mobil will post 8.65 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were given a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Institutional Trading of Exxon Mobil

Several institutional investors and hedge funds have recently modified their holdings of the stock. FPC Investment Advisory Inc. purchased a new stake in Exxon Mobil in the first quarter worth $25,000. First Pacific Financial bought a new position in shares of Exxon Mobil in the first quarter worth $34,000. Partnership Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth $46,000. Lynx Investment Advisory bought a new position in shares of Exxon Mobil in the second quarter worth $47,000. Finally, Vima LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth $50,000. 61.80% of the stock is owned by hedge funds and other 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.