Exxon Mobil (NYSE:XOM) Price Target Raised to $132.00 at TD Cowen

Exxon Mobil (NYSE:XOM) had its price target lifted by TD Cowen from $127.00 to $132.00 in a report issued on Tuesday, MarketBeat.com reports. They currently have a buy rating on the oil and gas company’s stock.

Several other research analysts have also issued reports on XOM. JPMorgan Chase & Co. increased their price target on shares of Exxon Mobil from $127.00 to $128.00 in a research note on Thursday, October 31st. Barclays lowered their target price on shares of Exxon Mobil from $142.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Morgan Stanley cut their price target on Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $120.00 price objective on shares of Exxon Mobil in a research note on Monday, November 4th. Finally, Redburn Atlantic reissued a “neutral” rating and issued a $120.00 target price (up from $119.00) on shares of Exxon Mobil in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, eight have issued 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.21.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $121.79 on Tuesday. Exxon Mobil has a fifty-two week low of $95.77 and a fifty-two week high of $126.34. The stock’s 50 day simple moving average is $119.39 and its two-hundred day simple moving average is $116.54. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.35. The stock has a market cap of $535.26 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 4.97 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, November 1st. The oil and gas company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.01. The company had revenue of $90.02 billion for the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a return on equity of 14.73% and a net margin of 9.61%. The firm’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $2.27 earnings per share. As a group, analysts expect that Exxon Mobil will post 7.95 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Thursday, November 14th will be issued a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 annualized dividend and a dividend yield of 3.25%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is presently 49.32%.

Hedge Funds Weigh In On Exxon Mobil

Several institutional investors have recently made changes to their positions in the business. Fairway Wealth LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at about $35,000. Anfield Capital Management LLC lifted its holdings in Exxon Mobil by 360.0% during the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 252 shares in the last quarter. Fairscale Capital LLC bought a new position in shares of Exxon Mobil in the second quarter worth approximately $39,000. POM Investment Strategies LLC increased its stake in shares of 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 worth $43,000 after purchasing an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $46,000. Institutional investors own 61.80% of the company’s stock.

About Exxon Mobil

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.