2 weeks Ago By ABMN Staff
Exxon Mobil ( NYSE:XOM – Free Report ) had its price target decreased by Truist Financial from $121.00 to $117.00 in a research note published on Monday morning, Benzinga reports.
Truist Financial currently has a hold rating on the oil and gas company’s stock. Several other research firms also recently issued reports on XOM. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $135.
00 to $136.00 and gave the company an overweight rating in a research report on Friday. Morgan Stanley reduced their price target on shares of Exxon Mobil from $145.
00 to $142.00 and set an overweight rating for the company in a research report on Monday, September 16th. Evercore ISI raised shares of Exxon Mobil to a strong-buy rating in a research report on Monday, August 5th.
Wolfe Research assumed coverage on shares of Exxon Mobil in a research report on Thursday, July 18th. They issued an outperform rating and a $146.00 price target for the company.
Finally, Royal Bank of Canada reissued a sector perform rating and issued a $135.00 price target on shares of Exxon Mobil in a research report on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company.
According to data from MarketBeat, Exxon Mobil currently has an average rating of Moderate Buy and a consensus target price of $134.75. View Our Latest Stock Analysis on XOM Exxon Mobil Stock Performance Exxon Mobil ( NYSE:XOM – Get Free Report ) last announced its quarterly earnings data on Friday, August 2nd.
The oil and gas company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.04 by $0.
10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.
09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.
07%. The company’s quarterly revenue was up 12.2% on a year-over-year basis.
During the same quarter last year, the firm posted $1.94 EPS. On average, equities analysts forecast that Exxon Mobil will post 8.
06 earnings per share for the current year. Exxon Mobil Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.
95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.
24%. The ex-dividend date of this dividend was Thursday, August 15th. Exxon Mobil’s payout ratio is 46.
57%. Institutional Investors Weigh In On Exxon Mobil A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XOM. Etfidea LLC lifted its holdings in shares of Exxon Mobil by 3.
3% in the 2nd quarter. Etfidea LLC now owns 2,669 shares of the oil and gas company’s stock worth $307,000 after buying an additional 85 shares during the period. 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 buying an additional 86 shares during the period. 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 buying an additional 87 shares during the period. 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 buying an additional 87 shares during the period. Finally, Mascoma Wealth Management LLC lifted its holdings in shares of Exxon Mobil by 7.0% in the 2nd quarter.
Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock worth $155,000 after buying an additional 88 shares during the period. 61.80% of the stock is currently owned by institutional investors.
About Exxon Mobil ( Get Free Report ) 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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