Exxon Mobil (NYSE:XOM) Earns “Sector Perform” Rating from Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Exxon Mobil (NYSE:XOM) in a report released on Thursday morning,Benzinga reports. They currently have a $115.00 target price on the oil and gas company’s stock.

Several other equities analysts also recently issued reports on the stock. Mizuho upped their price objective on shares of Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Morgan Stanley cut their price target on shares of Exxon Mobil from $142.00 to $140.00 in a research note on Thursday, October 31st. BMO Capital Markets lifted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. upped their target price on Exxon Mobil from $127.00 to $128.00 in a research report on Thursday, October 31st. Finally, BNP Paribas cut Exxon Mobil from a “neutral” rating to an “underperform” rating and set a $105.00 price target for the company. in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $129.84.

Exxon Mobil Price Performance

Shares of XOM opened at $110.84 on Thursday. The company has a 50 day moving average of $118.85 and a two-hundred day moving average of $116.39. 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. The company has a market cap of $487.15 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 4.70 and a beta of 0.89.

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

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.99 per share. The ex-dividend date was Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.57%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s dividend payout ratio (DPR) is currently 49.32%.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fairway Wealth LLC purchased a new stake in Exxon Mobil during the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC raised its position in Exxon Mobil by 360.0% in the 2nd 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 purchased a new position in shares of Exxon Mobil in the 2nd quarter valued at about $39,000. POM Investment Strategies LLC grew its position in shares of Exxon Mobil by 918.9% during the second quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock worth $43,000 after buying an additional 340 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new stake in shares of Exxon Mobil during the second quarter worth approximately $46,000. Hedge funds and other 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.