TD Cowen Lowers Exxon Mobil (NYSE:XOM) Price Target to $128.00

Exxon Mobil (NYSE:XOM) had its price target lowered by TD Cowen from $132.00 to $128.00 in a report issued on Monday, Marketbeat Ratings reports. TD Cowen currently has a buy rating on the oil and gas company’s stock.

Several other research firms also recently commented on XOM. Mizuho upped their price objective on Exxon Mobil from $128.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. UBS Group dropped their price target on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Truist Financial dropped their price objective on shares of Exxon Mobil from $121.00 to $117.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $115.00 target price on shares of Exxon Mobil in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.68.

Exxon Mobil Stock Down 2.2 %

XOM stock opened at $108.45 on Monday. Exxon Mobil has a 1-year low of $95.77 and a 1-year high of $126.34. The stock has a market cap of $476.65 billion, a P/E ratio of 13.51, a P/E/G ratio of 4.70 and a beta of 0.89. The stock’s fifty day simple moving average is $118.51 and its two-hundred day simple moving average is $116.37. The company has a current ratio of 1.35, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last posted 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 during the quarter, compared to analyst estimates of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.27 earnings per share. Analysts expect that Exxon Mobil will post 7.95 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th were paid a $0.99 dividend. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. This represents a $3.96 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Thursday, November 14th. Exxon Mobil’s dividend payout ratio is currently 49.32%.

Institutional Trading of Exxon Mobil

Large investors have recently modified their holdings of the business. Garden State Investment Advisory Services LLC increased its position in shares of Exxon Mobil by 3.2% in the third quarter. Garden State Investment Advisory Services LLC now owns 9,352 shares of the oil and gas company’s stock worth $1,097,000 after purchasing an additional 294 shares during the last quarter. Copley Financial Group Inc. purchased a new position in Exxon Mobil in the 3rd quarter worth approximately $461,000. American Trust increased its holdings in shares of Exxon Mobil by 18.7% in the 3rd quarter. American Trust now owns 4,240 shares of the oil and gas company’s stock worth $497,000 after buying an additional 667 shares during the last quarter. Old North State Trust LLC raised its position in shares of Exxon Mobil by 7.7% during the 3rd quarter. Old North State Trust LLC now owns 9,480 shares of the oil and gas company’s stock valued at $1,111,000 after buying an additional 681 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Exxon Mobil by 16.3% during the 3rd quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock worth $3,936,929,000 after acquiring an additional 4,415,012 shares during the last quarter. 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.