Exxon Mobil (NYSE:XOM – Free Report) had its target price upped by Mizuho from $128.00 to $130.00 in a research report released on Monday morning, Benzinga reports. Mizuho currently has a neutral rating on the oil and gas company’s stock.
Several other analysts have also issued reports on the stock. Sanford C. Bernstein reduced their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an outperform rating on the stock in a research report on Wednesday, July 17th. Truist Financial reduced their price objective on Exxon Mobil from $124.00 to $121.00 and set a hold rating on the stock in a research note on Monday, July 22nd. Evercore ISI upgraded Exxon Mobil to a strong-buy rating in a research report on Monday, August 5th. Barclays cut their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an overweight rating on the stock in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada reiterated a sector perform rating and set a $135.00 price target on shares of Exxon Mobil in a report on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $135.76.
Exxon Mobil Stock Performance
Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business had revenue of $93.06 billion during the quarter, compared to analysts’ expectations of $90.09 billion. During the same quarter in the prior year, the business posted $1.94 earnings per share. Exxon Mobil’s revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil will post 8.36 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.32%. Exxon Mobil’s payout ratio is currently 46.57%.
Hedge Funds Weigh In On Exxon Mobil
A number of institutional investors and hedge funds have recently modified their holdings of XOM. FPC Investment Advisory Inc. acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $25,000. Fairway Wealth LLC bought a new stake in Exxon Mobil in the second quarter valued at $35,000. Anfield Capital Management LLC raised its holdings in shares of Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares during the period. Fairscale Capital LLC bought a new position in shares of Exxon Mobil during the 2nd quarter worth about $39,000. Finally, POM Investment Strategies LLC grew its stake in shares of Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 340 shares during the period. 61.80% of the stock is currently owned by 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.
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