Exxon Mobil (NYSE:XOM) PT Raised to $157.00 at UBS Group

Exxon Mobil (NYSE:XOM) had its target price upped by UBS Group from $156.00 to $157.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the oil and gas company’s stock.

Several other equities analysts have also commented on XOM. Evercore ISI upgraded shares of Exxon Mobil to a strong-buy rating in a research note on Monday, August 5th. Wolfe Research assumed coverage on shares of Exxon Mobil in a research note on Thursday, July 18th. They issued an outperform rating and a $146.00 price objective for the company. Mizuho raised their price objective on Exxon Mobil from $125.00 to $128.00 and gave the stock a neutral rating in a report on Monday, May 13th. TD Cowen upped their target price on Exxon Mobil from $128.00 to $135.00 and gave the company a buy rating in a research report on Tuesday, April 30th. Finally, HSBC increased their price objective on Exxon Mobil from $111.00 to $120.00 and gave the company a hold rating in a report on Tuesday, April 30th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $134.56.

Exxon Mobil Price Performance

Shares of XOM opened at $116.32 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm’s fifty day simple moving average is $115.14 and its 200-day simple moving average is $113.78. The firm has a market capitalization of $458.65 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 4.51 and a beta of 0.91. Exxon Mobil has a twelve month low of $95.77 and a twelve month high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same period in the previous year, the business earned $1.94 EPS. Exxon Mobil’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts forecast that Exxon Mobil will post 8.65 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. Exxon Mobil’s payout ratio is currently 46.57%.

Institutional Trading of Exxon Mobil

Several hedge funds and other institutional investors have recently made changes to their positions in XOM. International Assets Investment Management LLC boosted its position in Exxon Mobil by 3.2% during the fourth quarter. International Assets Investment Management LLC now owns 49,187 shares of the oil and gas company’s stock worth $4,918,000 after purchasing an additional 1,539 shares in the last quarter. Tennessee Valley Asset Management Partners grew its stake in Exxon Mobil by 4.3% in the 4th quarter. Tennessee Valley Asset Management Partners now owns 5,611 shares of the oil and gas company’s stock valued at $561,000 after acquiring an additional 232 shares during the last quarter. CWM LLC raised its position in Exxon Mobil by 9.5% during the fourth quarter. CWM LLC now owns 591,057 shares of the oil and gas company’s stock worth $59,094,000 after acquiring an additional 51,081 shares during the last quarter. Smith & Howard Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $234,000. Finally, Heritage Investment Group Inc. grew its position in shares of Exxon Mobil by 66.5% in the fourth quarter. Heritage Investment Group Inc. now owns 15,948 shares of the oil and gas company’s stock valued at $1,594,000 after purchasing an additional 6,371 shares during the last quarter. Institutional investors and hedge funds 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.