Goldman Sachs Group, Inc. (The) set a $86.00 price objective on Exxon Mobil Corporation (NYSE:XOM) in a research report released on Tuesday, November 7th. The firm currently has a neutral rating on the oil and gas company’s stock.
Several other equities analysts have also commented on the stock. lowered shares of Exxon Mobil Corporation from a hold rating to a reduce rating and decreased their price objective for the stock from $83.60 to $77.00 in a report on Tuesday, November 7th. TheStreet upgraded shares of Exxon Mobil Corporation from a c rating to a b- rating in a report on Friday, October 27th. Wells Fargo & Company set a $84.00 target price on shares of Exxon Mobil Corporation and gave the company a neutral rating in a research report on Monday, October 30th. Zacks Investment Research raised shares of Exxon Mobil Corporation from a hold rating to a buy rating and set a $93.00 target price on the stock in a research report on Thursday, October 26th. Finally, Jefferies Group LLC set a $84.00 price objective on shares of Exxon Mobil Corporation and gave the stock a hold rating in a research report on Thursday, October 19th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $85.78.
Exxon Mobil Corporation (XOM) traded down $0.32 during mid-day trading on Tuesday, hitting $80.24. 9,536,300 shares of the stock were exchanged, compared to its average volume of 10,995,618. Exxon Mobil Corporation has a twelve month low of $76.05 and a twelve month high of $93.22. The stock has a market capitalization of $339,985.38, a PE ratio of 22.54, a P/E/G ratio of 1.69 and a beta of 0.84. 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 Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter in the prior year, the company earned $0.63 EPS. equities research analysts expect that Exxon Mobil Corporation will post 3.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) 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 value of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares in the company, valued at $18,470,182.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Asset Management Advisors LLC lifted its holdings in shares of Exxon Mobil Corporation by 0.3% during the 2nd quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after purchasing an additional 7 shares in the last quarter. Horizon Investment Services LLC increased its position in shares of Exxon Mobil Corporation by 0.4% during the 1st quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock worth $393,000 after purchasing an additional 20 shares during the last quarter. Jag Capital Management LLC increased its position in shares of Exxon Mobil Corporation by 0.5% during the 2nd quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock worth $455,000 after purchasing an additional 26 shares during the last quarter. C M Bidwell & Associates Ltd. increased its position in shares of Exxon Mobil Corporation by 1.3% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock worth $196,000 after purchasing an additional 30 shares during the last quarter. Finally, Lehman Financial Resources Inc. increased its position in shares of Exxon Mobil Corporation by 0.5% during the 2nd quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock worth $579,000 after purchasing an additional 35 shares during the last quarter. Institutional investors own 50.76% of the company’s stock.
Exxon Mobil Corporation 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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