Wells Fargo & Company Cuts Exxon Mobil (NYSE:XOM) Price Target to $135.00

Exxon Mobil (NYSE:XOM) had its price target trimmed by Wells Fargo & Company from $136.00 to $135.00 in a report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the oil and gas company’s stock.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets dropped their price objective on Exxon Mobil from $130.00 to $123.00 and set a “market perform” rating on the stock in a report on Friday. HSBC lowered their price target on Exxon Mobil from $125.00 to $123.00 and set a “hold” rating on the stock in a report on Friday. Royal Bank of Canada reiterated a “sector perform” rating and set a $115.00 price target on shares of Exxon Mobil in a report on Thursday, December 12th. Bernstein Bank increased their price target on Exxon Mobil from $138.00 to $144.00 and gave the company an “overweight” rating in a report on Friday. Finally, Scotiabank lowered their price target on Exxon Mobil from $145.00 to $140.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Price Performance

XOM stock opened at $107.08 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. Exxon Mobil has a one year low of $100.42 and a one year high of $126.34. The firm has a market capitalization of $470.63 billion, a PE ratio of 13.66, a P/E/G ratio of 2.79 and a beta of 0.89. The firm has a 50-day moving average of $110.36 and a two-hundred day moving average of $115.21.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share (EPS) 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 earnings per share. On average, analysts forecast that Exxon Mobil will post 7.65 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Wednesday, February 12th will be given a $0.99 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.70%. Exxon Mobil’s dividend payout ratio (DPR) is currently 50.51%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Exxon Mobil by 7,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,893,677 shares of the oil and gas company’s stock valued at $808,077,000 after acquiring an additional 6,805,982 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Exxon Mobil by 1,524.1% during the fourth quarter. Pacer Advisors Inc. now owns 5,445,922 shares of the oil and gas company’s stock valued at $585,818,000 after acquiring an additional 5,110,603 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Exxon Mobil by 16.3% during the third quarter. Franklin Resources Inc. now owns 31,522,556 shares of the oil and gas company’s stock valued at $3,936,929,000 after acquiring an additional 4,415,012 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Exxon Mobil by 168.5% during the third quarter. Assenagon Asset Management S.A. now owns 4,530,457 shares of the oil and gas company’s stock valued at $531,060,000 after acquiring an additional 2,842,844 shares during the period. Finally, Strategic Financial Concepts LLC lifted its holdings in shares of Exxon Mobil by 11,131.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,792,811 shares of the oil and gas company’s stock valued at $192,853,000 after acquiring an additional 1,776,848 shares during the period. 61.80% of the stock is owned by institutional investors.

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.