ExxonMobil (NYSE:XOM) Price Target Raised to $180.00

ExxonMobil (NYSE:XOM – Free Report) had its target price increased by TD Cowen from $168.00 to $180.00 in a report released on Monday morning, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the oil and gas company’s stock.

XOM has been the topic of several other reports. Barclays decreased their price target on shares of ExxonMobil from $182.00 to $177.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Citigroup reissued a “neutral” rating and set a $175.00 price objective (up from $150.00) on shares of ExxonMobil in a research note on Wednesday, July 8th. Morgan Stanley raised their target price on shares of ExxonMobil from $168.00 to $177.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Wall Street Zen raised shares of ExxonMobil to a “hold” rating in a research note on Saturday, September 5th. Finally, DZ Bank downgraded ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a report on Tuesday, August 4th. Twelve equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, ExxonMobil has an average rating of “Hold” and an average target price of $164.78.

Read Our Latest Report on XOM

ExxonMobil Price Performance

Shares of NYSE:XOM opened at $163.35 on Monday. The firm has a market capitalization of $677.08 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 0.98 and a beta of 0.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The business’s 50 day simple moving average is $160.33 and its 200-day simple moving average is $153.84. ExxonMobil has a 12 month low of $110.39 and a 12 month high of $176.41.

ExxonMobil (NYSE:XOM – Get Free Report) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.04). The business had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same quarter in the prior year, the firm earned $1.64 earnings per share. As a group, equities analysts forecast that ExxonMobil will post 12.01 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 17th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 17th. ExxonMobil’s payout ratio is 53.02%.

Hedge Funds Weigh In On ExxonMobil

A number of large investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in ExxonMobil by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock worth $5,608,488,000 after acquiring an additional 531,362 shares in the last quarter. Dimensional Fund Advisors LP grew its position in ExxonMobil by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock valued at $4,812,790,000 after acquiring an additional 1,540,902 shares in the last quarter. Amundi raised its stake in shares of ExxonMobil by 5.1% during the first quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock valued at $4,158,563,000 after purchasing an additional 1,192,386 shares during the period. GQG Partners LLC raised its stake in shares of ExxonMobil by 153.3% during the second quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after purchasing an additional 10,214,420 shares during the period. Finally, Swiss National Bank lifted its position in shares of ExxonMobil by 5.9% during the first quarter. Swiss National Bank now owns 12,376,418 shares of the oil and gas company’s stock worth $2,099,783,000 after purchasing an additional 693,800 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

More ExxonMobil News

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ExxonMobil Company Profile

(Get Free Report)

Exxon Mobil Corporation, commonly known as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and sale of crude oil and natural gas. The company also manufactures and markets fuels, lubricants, petrochemicals and specialty products used in transportation, industrial and consumer applications.

ExxonMobil operates across the energy value chain through businesses that include upstream oil and natural gas production, refining and fuels marketing, chemical manufacturing, and lower-carbon solutions.

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Analyst Recommendations for ExxonMobil (NYSE:XOM)

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