UBS Group Cuts Exxon Mobil (NYSE:XOM) Price Target to $135.00

Exxon Mobil (NYSE:XOM) had its target price trimmed by UBS Group from $146.00 to $135.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a buy rating on the oil and gas company’s stock.

Other equities research analysts have also issued research reports about the stock. Mizuho decreased their price objective on shares of Exxon Mobil from $131.00 to $129.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Piper Sandler dropped their price target on Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Morgan Stanley reduced their price objective on Exxon Mobil from $141.00 to $138.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. Scotiabank lowered their target price on Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, The Goldman Sachs Group reduced their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $128.20.

Exxon Mobil Trading Up 5.2 %

XOM opened at $106.00 on Monday. The firm has a market capitalization of $459.95 billion, a PE ratio of 13.52, a P/E/G ratio of 3.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 0.97. Exxon Mobil has a fifty-two week low of $98.13 and a fifty-two week high of $126.34. The company’s 50-day moving average is $110.61 and its 200 day moving average is $113.39.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same period in the previous year, the business earned $2.48 earnings per share. As a group, research analysts predict that Exxon Mobil will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 12th were paid a $0.99 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.74%. Exxon Mobil’s dividend payout ratio is currently 50.51%.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $110.00, for a total value of $231,000.00. Following the completion of the transaction, the vice president now directly owns 18,087 shares of the company’s stock, valued at $1,989,570. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.03% of the company’s stock.

Institutional Investors Weigh In On Exxon Mobil

Institutional investors and hedge funds have recently made changes to their positions in the business. Bourgeon Capital Management LLC grew its holdings in shares of Exxon Mobil by 0.6% during the first quarter. Bourgeon Capital Management LLC now owns 19,076 shares of the oil and gas company’s stock worth $2,269,000 after purchasing an additional 110 shares in the last quarter. Bank & Trust Co raised its position in Exxon Mobil by 4.5% during the first quarter. Bank & Trust Co now owns 20,625 shares of the oil and gas company’s stock valued at $2,453,000 after purchasing an additional 882 shares in the last quarter. Swisher Financial Concepts Inc. lifted its stake in Exxon Mobil by 2.3% during the first quarter. Swisher Financial Concepts Inc. now owns 7,518 shares of the oil and gas company’s stock worth $894,000 after purchasing an additional 166 shares during the last quarter. Fulton Bank N.A. boosted its holdings in shares of Exxon Mobil by 4.0% in the 1st quarter. Fulton Bank N.A. now owns 57,162 shares of the oil and gas company’s stock worth $6,798,000 after purchasing an additional 2,187 shares in the last quarter. Finally, HBW Advisory Services LLC raised its holdings in shares of Exxon Mobil by 35.7% during the 1st quarter. HBW Advisory Services LLC now owns 4,512 shares of the oil and gas company’s stock valued at $537,000 after buying an additional 1,188 shares in the last quarter. Hedge funds and other 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.