Exxon Mobil (NYSE:XOM) Price Target Raised to $145.00 at Piper Sandler

Exxon Mobil (NYSE:XOM) had its price target upped by Piper Sandler from $130.00 to $145.00 in a research note issued to investors on Thursday, Benzinga reports. Piper Sandler currently has an overweight rating on the oil and gas company’s stock.

Several other research analysts have also commented on the company. Wells Fargo & Company raised their price target on Exxon Mobil from $126.00 to $138.00 and gave the stock an overweight rating in a research report on Thursday, April 4th. Truist Financial raised their price target on Exxon Mobil from $140.00 to $146.00 and gave the stock a buy rating in a research report on Friday, April 5th. Barclays began coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an overweight rating and a $147.00 target price for the company. Mizuho reiterated a neutral rating and issued a $125.00 target price on shares of Exxon Mobil in a report on Thursday, April 4th. Finally, Redburn Atlantic upgraded Exxon Mobil from a neutral rating to a buy rating and lifted their target price for the company from $116.00 to $119.00 in a report on Tuesday, January 9th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $132.28.

Exxon Mobil Trading Down 0.1 %

XOM opened at $118.46 on Thursday. Exxon Mobil has a 52 week low of $95.77 and a 52 week high of $123.75. The business has a fifty day simple moving average of $111.18 and a 200-day simple moving average of $106.30. The firm has a market cap of $468.90 billion, a P/E ratio of 13.33, a P/E/G ratio of 4.08 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, February 2nd. The oil and gas company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The business had revenue of $84.34 billion during the quarter, compared to analyst estimates of $90.03 billion. During the same period last year, the business posted $3.40 earnings per share. The company’s quarterly revenue was down 11.6% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil will post 9.7 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 42.74%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total value of $252,000.00. Following the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Exxon Mobil

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PFS Partners LLC raised its holdings in Exxon Mobil by 0.5% in the 1st quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after acquiring an additional 89 shares during the last quarter. Traynor Capital Management Inc. raised its holdings in Exxon Mobil by 4.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 2,346 shares of the oil and gas company’s stock valued at $276,000 after acquiring an additional 94 shares during the last quarter. Money Concepts Capital Corp raised its holdings in Exxon Mobil by 3.1% in the 3rd quarter. Money Concepts Capital Corp now owns 3,119 shares of the oil and gas company’s stock valued at $367,000 after acquiring an additional 95 shares during the last quarter. Defined Wealth Management LLC increased its holdings in shares of Exxon Mobil by 2.4% during the 3rd quarter. Defined Wealth Management LLC now owns 4,051 shares of the oil and gas company’s stock worth $476,000 after buying an additional 96 shares during the last quarter. Finally, Well Done LLC increased its holdings in shares of Exxon Mobil by 0.8% during the 3rd quarter. Well Done LLC now owns 12,436 shares of the oil and gas company’s stock worth $1,462,000 after buying an additional 97 shares during the last quarter. 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.