Exxon Mobil (NYSE:XOM) Given New $142.00 Price Target at Morgan Stanley

Exxon Mobil (NYSE:XOM) had its price objective reduced by Morgan Stanley from $145.00 to $142.00 in a research note published on Monday morning, Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

XOM has been the topic of several other research reports. Sanford C. Bernstein reduced their price target on shares of Exxon Mobil from $139.00 to $138.00 and set an outperform rating on the stock in a research note on Wednesday, July 17th. Truist Financial reduced their price target on Exxon Mobil from $124.00 to $121.00 and set a hold rating for the company in a research report on Monday, July 22nd. Barclays decreased their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an overweight rating for the company in a research report on Tuesday, July 9th. Evercore ISI raised Exxon Mobil to a strong-buy rating in a report on Monday, August 5th. Finally, Wolfe Research initiated coverage on Exxon Mobil in a research report on Thursday, July 18th. They issued an outperform rating and a $146.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $136.24.

Exxon Mobil Stock Up 1.4 %

Shares of NYSE XOM opened at $112.75 on Monday. Exxon Mobil has a 12-month low of $95.77 and a 12-month high of $123.75. The company has a current ratio of 1.36, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $115.67 and its 200-day moving average price is $115.19. The stock has a market capitalization of $444.57 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 4.38 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.10. The business had revenue of $93.06 billion for the quarter, compared to analysts’ expectations of $90.09 billion. Exxon Mobil had a net margin of 9.73% and a return on equity of 16.07%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 earnings per share. On average, equities research analysts anticipate that Exxon Mobil will post 8.36 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a yield of 3.37%. Exxon Mobil’s payout ratio is 46.57%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FPC Investment Advisory Inc. acquired a new stake in Exxon Mobil during the 1st quarter worth $25,000. Fairway Wealth LLC acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $35,000. Anfield Capital Management LLC raised its position 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 purchasing an additional 252 shares during the period. Fairscale Capital LLC acquired a new position in Exxon Mobil in the second quarter valued at about $39,000. Finally, POM Investment Strategies LLC increased its holdings in Exxon Mobil by 918.9% in the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 340 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.