UBS Group Trims Exxon Mobil (NYSE:XOM) Target Price to $149.00

Exxon Mobil (NYSE:XOM) had its price target reduced by UBS Group from $157.00 to $149.00 in a report issued on Wednesday, Benzinga reports. They currently have a buy rating on the oil and gas company’s stock.

A number of other research firms have also recently commented on XOM. Sanford C. Bernstein lowered their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an outperform rating on the stock in a report on Wednesday, July 17th. Barclays reduced their price target on Exxon Mobil from $147.00 to $142.00 and set an overweight rating for the company in a research report on Tuesday, July 9th. Truist Financial dropped their price objective on Exxon Mobil from $124.00 to $121.00 and set a hold rating on the stock in a report on Monday, July 22nd. Wells Fargo & Company reduced their target price on Exxon Mobil from $139.00 to $135.00 and set an overweight rating for the company in a report on Monday, August 5th. Finally, Wolfe Research assumed coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an outperform rating and a $146.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $135.76.

Exxon Mobil Trading Down 0.6 %

NYSE:XOM opened at $115.27 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $454.51 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. The firm’s 50 day moving average is $115.88 and its 200 day moving average is $115.33. Exxon Mobil has a 12 month low of $95.77 and a 12 month high of $123.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. Exxon Mobil’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 EPS. Sell-side analysts expect that Exxon Mobil will post 8.36 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 issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Thursday, August 15th. Exxon Mobil’s payout ratio is currently 46.57%.

Hedge Funds Weigh In On Exxon Mobil

Large investors have recently modified their holdings of the company. Etfidea LLC raised its stake in shares of Exxon Mobil by 3.3% during the second quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after acquiring an additional 85 shares in the last quarter. Carmel Capital Partners LLC lifted its holdings in shares of Exxon Mobil by 1.0% in the 1st quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after acquiring an additional 86 shares during the last quarter. Bigelow Investment Advisors LLC lifted its holdings in shares of Exxon Mobil by 0.6% in the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after acquiring an additional 86 shares during the last quarter. Integral Investment Advisors Inc. lifted its holdings in shares of Exxon Mobil by 2.1% in the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after acquiring an additional 87 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of Exxon Mobil by 15.2% in the 2nd quarter. CBIZ Investment Advisory Services LLC now owns 660 shares of the oil and gas company’s stock worth $76,000 after acquiring an additional 87 shares during the last quarter. 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.