Exxon Mobil (NYSE:XOM) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Exxon Mobil (NYSE:XOM) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other analysts have also recently commented on XOM. Bank of America boosted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Morgan Stanley boosted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Piper Sandler upped their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Finally, Melius Research began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $124.76.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.39 on Friday. Exxon Mobil has a 12 month low of $97.80 and a 12 month high of $126.34. The stock has a market cap of $479.15 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company’s fifty day moving average price is $110.58 and its 200-day moving average price is $109.15.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same quarter in the previous year, the business posted $2.14 EPS. The company’s quarterly revenue was down 12.4% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s payout ratio is 56.25%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

A number of hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. increased its position in shares of Exxon Mobil by 300.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company’s stock valued at $1,534,000 after purchasing an additional 10,697 shares during the last quarter. Redwood Investment Management LLC increased its position in shares of Exxon Mobil by 31.5% during the 4th quarter. Redwood Investment Management LLC now owns 11,156 shares of the oil and gas company’s stock valued at $1,200,000 after purchasing an additional 2,672 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $1,138,000. Sender Co & Partners Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at about $2,195,000. Finally, Scissortail Wealth Management LLC increased its position in shares of Exxon Mobil by 34,106.3% during the 4th quarter. Scissortail Wealth Management LLC now owns 5,473 shares of the oil and gas company’s stock valued at $586,000 after purchasing an additional 5,457 shares during the last quarter. Hedge funds and other 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.