Exxon Mobil (NYSE:XOM) Receives Sector Perform Rating from Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Exxon Mobil (NYSE:XOM) in a report released on Monday, Benzinga reports. They currently have a $120.00 price objective on the oil and gas company’s stock.

A number of other research analysts have also commented on XOM. TD Cowen cut their price objective on shares of Exxon Mobil from $130.00 to $127.00 and set a “buy” rating for the company in a research report on Monday. BMO Capital Markets upped their price target on Exxon Mobil from $127.00 to $130.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Wolfe Research raised their price objective on Exxon Mobil from $137.00 to $138.00 in a research report on Thursday, October 31st. Redburn Atlantic restated a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of Exxon Mobil in a research report on Tuesday, September 24th. Finally, Truist Financial reduced their target price on Exxon Mobil from $121.00 to $117.00 and set a “hold” rating for the company in a research report on Monday, September 30th. One 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.95.

Exxon Mobil Stock Performance

XOM remained flat at $118.61 during midday trading on Monday. The company’s stock had a trading volume of 757,038 shares, compared to its average volume of 16,354,314. 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 firm has a fifty day simple moving average of $117.67 and a two-hundred day simple moving average of $116.33. The stock has a market capitalization of $467.68 billion, a PE ratio of 14.77, a P/E/G ratio of 4.79 and a beta of 0.90. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, November 1st. The oil and gas company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.01. The business had revenue of $90.02 billion for the quarter, compared to the consensus estimate of $93.98 billion. Exxon Mobil had a net margin of 9.61% and a return on equity of 14.73%. Exxon Mobil’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter last year, the company posted $2.27 earnings per share. Sell-side analysts expect that Exxon Mobil will post 7.99 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Thursday, November 14th will be paid a $0.99 dividend. The ex-dividend date is Thursday, November 14th. This represents a $3.96 dividend on an annualized basis and a yield of 3.34%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.95. Exxon Mobil’s payout ratio is currently 47.32%.

Institutional Trading of Exxon Mobil

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FPC Investment Advisory Inc. bought a new position in Exxon Mobil in the 1st quarter valued at $25,000. Fairway Wealth LLC acquired a new position in shares of Exxon Mobil during the second quarter valued at $35,000. Anfield Capital Management LLC boosted its holdings in Exxon Mobil by 360.0% in the second quarter. Anfield Capital Management LLC now owns 322 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. Fairscale Capital LLC bought a new position in Exxon Mobil in the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC increased its position in 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 during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

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.