Exxon Mobil Corporation (NYSE:XOM) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Exxon Mobil Corporation (NYSE:XOM) have received a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are covering the firm, Marketbeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $129.45.

Several brokerages recently issued reports on XOM. Bank of America lowered their target price on Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Exxon Mobil in a research report on Monday, December 15th. Piper Sandler upped their target price on Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Cowen reissued a “buy” rating on shares of Exxon Mobil in a research report on Friday, December 12th. Finally, Jefferies Financial Group boosted their price target 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.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the completion of the sale, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. This trade represents a 9.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Several institutional investors and hedge funds have recently made changes to their positions in XOM. Linscomb Wealth Inc. lifted its position in shares of Exxon Mobil by 1.4% during the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after purchasing an additional 5,527 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Exxon Mobil by 52.3% in the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after acquiring an additional 131,600 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in Exxon Mobil by 3.3% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock worth $34,576,000 after acquiring an additional 9,831 shares in the last quarter. Capital Counsel LLC NY increased its position in shares of Exxon Mobil by 0.9% during the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock worth $5,356,000 after acquiring an additional 460 shares during the period. Finally, OneAscent Wealth Management LLC raised its stake in shares of Exxon Mobil by 116.7% during the second quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock valued at $825,000 after acquiring an additional 4,123 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.1%

NYSE:XOM opened at $119.09 on Wednesday. Exxon Mobil has a one year low of $97.80 and a one year high of $120.81. 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 company has a market cap of $502.20 billion, a PE ratio of 17.31, a P/E/G ratio of 7.49 and a beta of 0.38. The firm’s 50 day simple moving average is $116.65 and its 200 day simple moving average is $113.25.

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

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were issued a $1.03 dividend. The ex-dividend date was Friday, November 14th. This is a positive change 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 dividend payout ratio (DPR) is presently 59.88%.

About Exxon Mobil

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.