Exxon Mobil (NYSE:XOM) Price Target Cut to $135.00 by Analysts at UBS Group

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

Several other equities analysts have also recently issued reports on XOM. HSBC reduced their target price on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Argus raised shares of Exxon Mobil to a “strong-buy” rating in a research report on Tuesday, February 4th. TD Cowen decreased their price objective on shares of Exxon Mobil from $132.00 to $128.00 and set a “buy” rating for the company in a report on Monday, December 16th. Scotiabank cut their target price on shares of Exxon Mobil from $145.00 to $140.00 in a research note on Friday, January 31st. Finally, BMO Capital Markets decreased their price target on shares of Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating for the company in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $128.20.

Exxon Mobil Trading Up 5.2 %

Shares of XOM opened at $106.00 on Monday. The stock has a market capitalization of $459.95 billion, a P/E ratio of 13.52, a PEG ratio of 3.02 and a beta of 0.61. Exxon Mobil has a twelve month low of $98.13 and a twelve month high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $110.61 and a two-hundred day simple moving average of $113.39.

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

Exxon Mobil Dividend Announcement

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

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total value of $231,000.00. Following the transaction, the vice president now owns 18,087 shares of the company’s stock, valued at approximately $1,989,570. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of XOM. 10Elms LLP bought a new position in shares of Exxon Mobil in the fourth quarter worth about $25,000. Fairway Wealth LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $32,000. Keystone Financial Group Inc. bought a new stake in Exxon Mobil in the 4th quarter worth approximately $36,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $46,000. 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.