By otakuyassine3@gmail.com 
Exxon Mobil (NYSE:XOM – Free Report) had its target price reduced by Piper Sandler from $138.00 to $127.00 in a research report sent to investors on Thursday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the oil and gas company’s stock.
XOM has been the topic of a number of other research reports. Mizuho lowered their target price on shares of Exxon Mobil from $137.00 to $134.00 and set a “neutral” rating on the stock in a research note on Monday. Morgan Stanley dropped their target price on Exxon Mobil from $142.00 to $140.00 in a report on Thursday, October 31st. UBS Group decreased their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. BNP Paribas lowered Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price objective for the company. in a research note on Wednesday, October 9th. Finally, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.74.
View Our Latest Stock Report on XOM
Exxon Mobil Price Performance
Shares of NYSE:XOM opened at $105.51 on Thursday. The company has a market cap of $463.73 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 4.70 and a beta of 0.89. The business has a 50 day moving average price of $117.56 and a 200 day moving average price of $116.16. The company has a quick ratio of 1.01, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Exxon Mobil has a twelve month low of $95.77 and a twelve month high of $126.34.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. During the same quarter last year, the company posted $2.27 earnings per share. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. Research analysts predict that Exxon Mobil will post 7.95 earnings per share for the current year.
Exxon Mobil Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Investors of record on Thursday, November 14th were issued a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.
Institutional Investors Weigh In On Exxon Mobil
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fairway Wealth LLC acquired a new stake in Exxon Mobil in the second quarter worth $35,000. Anfield Capital Management LLC raised its stake in Exxon Mobil by 360.0% during the 2nd quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock worth $37,000 after buying an additional 252 shares during the period. Fairscale Capital LLC bought a new position in Exxon Mobil during the second quarter worth about $39,000. POM Investment Strategies LLC grew its stake in Exxon Mobil by 918.9% in the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the period. Finally, Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil in the second quarter worth about $46,000. Institutional investors own 61.80% of the company’s stock.
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.
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