Sanford C. Bernstein Cuts Exxon Mobil (NYSE:XOM) Price Target to $137.00

Exxon Mobil (NYSE:XOMFree Report) had its price target trimmed by Sanford C. Bernstein from $142.00 to $137.00 in a report published on Monday, Marketbeat reports. The brokerage currently has an outperform rating on the oil and gas company’s stock.

A number of other research firms have also weighed in on XOM. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Barclays decreased their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Jefferies Financial Group lifted their target price on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Cowen restated a “buy” rating on shares of Exxon Mobil in a research report on Friday, December 12th. Finally, UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Hold” and a consensus price target of $129.81.

View Our Latest Analysis on XOM

Exxon Mobil Stock Performance

Shares of XOM opened at $118.47 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The firm’s 50 day moving average is $117.68 and its 200-day moving average is $113.72. Exxon Mobil has a 12-month low of $97.80 and a 12-month high of $125.93. The stock has a market capitalization of $499.61 billion, a P/E ratio of 17.22, a P/E/G ratio of 7.46 and a beta of 0.37.

Exxon Mobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%. Equities research analysts anticipate that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a yield of 3.5%. Exxon Mobil’s payout ratio is 59.88%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the sale, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

Institutional Investors Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently modified their holdings of the business. Westfuller Advisors LLC acquired a new position in shares of Exxon Mobil during the 3rd quarter valued at about $30,000. Game Plan Financial Advisors LLC grew its holdings in Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Marshall & Sullivan Inc. WA bought a new position in shares of Exxon Mobil in the second quarter valued at approximately $38,000. Bare Financial Services Inc lifted its stake in shares of Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after buying an additional 201 shares during the last quarter. Finally, Clayton Financial Group LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter worth $40,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil News Summary

Here are the key news stories impacting Exxon Mobil this week:

About Exxon Mobil

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Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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