Goldman Sachs Group Inc set a $86.00 target price on Exxon Mobil Corporation (NYSE:XOM) in a report published on Tuesday, November 7th. The brokerage currently has a neutral rating on the oil and gas company’s stock.
A number of other research firms have also issued reports on XOM. Cowen Inc reiterated a buy rating and set a $100.00 price target on shares of Exxon Mobil in a research report on Tuesday, September 19th. Societe Generale set a $95.00 price target on Exxon Mobil and gave the stock a buy rating in a research report on Friday, July 14th. Morgan Stanley set a $81.00 price objective on Exxon Mobil and gave the company a sell rating in a report on Tuesday, July 11th. Vetr lowered Exxon Mobil from a buy rating to a hold rating and set a $85.17 price objective for the company. in a report on Thursday, September 28th. Finally, Barclays PLC set a $94.00 price objective on Exxon Mobil and gave the company a buy rating in a report on Monday, August 21st. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Exxon Mobil has a consensus rating of Hold and an average price target of $85.78.
Exxon Mobil (XOM) traded up $0.32 during mid-day trading on Tuesday, reaching $81.42. The company’s stock had a trading volume of 3,850,000 shares, compared to its average volume of 8,657,551. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. Exxon Mobil has a 52 week low of $76.05 and a 52 week high of $93.21. The stock has a market cap of $344,985.16, a P/E ratio of 22.87, a PEG ratio of 1.71 and a beta of 0.84.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, November 10th. This represents a $3.08 annualized dividend and a yield of 3.78%. Exxon Mobil’s payout ratio is 100.33%.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Exxon Mobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after purchasing an additional 10,366,636 shares in the last quarter. State Street Corp increased its holdings in Exxon Mobil by 7.9% during the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after purchasing an additional 15,740,895 shares in the last quarter. Capital Research Global Investors increased its holdings in Exxon Mobil by 7.0% during the 2nd quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock valued at $2,548,668,000 after purchasing an additional 2,058,060 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Exxon Mobil by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock valued at $2,286,658,000 after buying an additional 1,595,027 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Exxon Mobil by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 23,551,940 shares of the oil and gas company’s stock valued at $1,930,784,000 after buying an additional 360,596 shares during the last quarter. 50.76% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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