Fintel reports that on April 19, 2023, UBS upgraded their outlook for Exxon Mobil (NYSE:XOM) from Neutral to Buy .
Analyst Price Forecast Suggests 11.46% Upside
As of April 6, 2023, the average one-year price target for Exxon Mobil is $130.34. The forecasts range from a low of $111.10 to a high of $155.40. The average price target represents an increase of 11.46% from its latest reported closing price of $116.94.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Exxon Mobil is $411,239MM, an increase of 2.24%. The projected annual non-GAAP EPS is $11.46.
Exxon Mobil Declares $0.91 Dividend
On January 31, 2023 the company declared a regular quarterly dividend of $0.91 per share ($3.64 annualized). Shareholders of record as of February 14, 2023 received the payment on March 10, 2023. Previously, the company paid $0.88 per share.
At the current share price of $116.94 / share, the stock's dividend yield is 3.11%. Looking back five years and taking a sample every week, the average dividend yield has been 5.37%, the lowest has been 3.09%, and the highest has been 11.07%. The standard deviation of yields is 1.82 (n=237).
The current dividend yield is 1.24 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.27. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.05%, demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
Mechanics Bank Trust Department holds 97K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 96K shares, representing an increase of 0.60%. The firm increased its portfolio allocation in XOM by 95,322.58% over the last quarter.
Regentatlantic Capital holds 429K shares representing 0.01% ownership of the company. In it's prior filing, the firm reported owning 209K shares, representing an increase of 51.27%. The firm increased its portfolio allocation in XOM by 89.86% over the last quarter.
Keystone Financial Services holds 2K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 2K shares, representing an increase of 2.50%. The firm decreased its portfolio allocation in XOM by 99.90% over the last quarter.
Renaissance Group holds 11K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 11K shares, representing a decrease of 3.00%. The firm increased its portfolio allocation in XOM by 9.05% over the last quarter.
VOTE - Engine No. 1 Transform 500 ETF holds 47K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 41K shares, representing an increase of 14.00%. The firm decreased its portfolio allocation in XOM by 1.31% over the last quarter.
What is the Fund Sentiment?
There are 4821 funds or institutions reporting positions in Exxon Mobil.
This is an increase
of
335
owner(s) or 7.47% in the last quarter.
Average portfolio weight of all funds dedicated to XOM is 0.92%,
a decrease
of 15.96%.
Total shares owned by institutions increased
in the last three months by 1.14% to 2,719,604K shares.
The put/call ratio of XOM is 0.84, indicating a
bullish
outlook.
Exxon Mobil Background Information
(This description is provided by the company.)
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world's growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world.
See all Exxon Mobil regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
