According to Fintel, Mizuho maintained its coverage of Exxon Mobil (NYSE:XOM) with a Buy recommendation on September 18, 2023.
Analyst price forecast suggests a 6.17% upside. As of August 31, 2023, the average one-year price target for Exxon Mobil is $124.90, with forecasts ranging from $101.00 to $153.30. This represents a 6.17% increase from its latest reported closing price of $117.65.
For Exxon Mobil, the projected annual revenue is $411,239MM, which is an 11.76% increase. The projected annual non-GAAP EPS is 11.46.
Exxon Mobil declared a regular quarterly dividend of $0.91 per share ($3.64 annualized) on July 28, 2023. Shareholders of record as of August 16, 2023, received the payment on September 11, 2023.
The stock’s current dividend yield is 3.09%. Looking back five years, the average dividend yield has been 5.32%, with a low of 3.08% and a high of 11.07%. The standard deviation of yields is 1.87 (n=236). The current dividend yield is 1.19 standard deviations below the historical average.
Additionally, Exxon Mobil’s dividend payout ratio is 0.28, indicating how much of the company’s income is paid out in dividends.
The company’s 3-year dividend growth rate is 0.05%, indicating an increase over time.
There are 4780 funds or institutions reporting positions in Exxon Mobil, which is a decrease of 39 owners (or 0.81%) in the last quarter. The average portfolio weight of all funds dedicated to XOM is 1.03%, a decrease of 5.27%. Total shares owned by institutions decreased by 1.66% to 2,602,083K shares in the last three months. The put/call ratio of XOM is 0.93, indicating a bullish outlook.
Shareholders such as VTSMX – Vanguard Total Stock Market Index Fund Investor Shares, VFINX – Vanguard 500 Index Fund Investor Shares, Geode Capital Management, The Energy Select Sector SPDR Fund (XLE), and Bank Of America are actively involved in holding shares of Exxon Mobil.
ExxonMobil is one of the largest publicly traded international energy companies. It holds an industry-leading inventory of resources and is one of the largest refiners and marketers of petroleum products, with a chemical company that is one of the largest in the world.
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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.
