Goldman Sachs Group, Inc. (The) set a $86.00 price target on Exxon Mobil Corporation (NYSE:XOM) in a research note published on Tuesday. The firm currently has a neutral rating on the oil and gas company’s stock.
Several other research firms also recently commented on XOM. HSBC Holdings plc downgraded Exxon Mobil Corporation from a hold rating to a reduce rating and reduced their price objective for the stock from $83.60 to $77.00 in a report on Tuesday. Wells Fargo & Company set a $84.00 price objective on Exxon Mobil Corporation and gave the stock a neutral rating in a report on Monday, October 30th. TheStreet upgraded Exxon Mobil Corporation from a c rating to a b- rating in a report on Friday, October 27th. Zacks Investment Research upgraded Exxon Mobil Corporation from a hold rating to a buy rating and set a $93.00 price objective for the company in a report on Thursday, October 26th. Finally, BMO Capital Markets set a $80.00 price objective on Exxon Mobil Corporation and gave the stock a hold rating in a report on Wednesday, October 18th. Six analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $85.57.
Shares of Exxon Mobil Corporation (NYSE XOM) opened at $82.94 on Tuesday. Exxon Mobil Corporation has a twelve month low of $76.05 and a twelve month high of $93.22. The company has a market capitalization of $355,789.78, a PE ratio of 23.59, a P/E/G ratio of 1.77 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. The company had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. During the same period last year, the company earned $0.63 EPS. analysts predict that Exxon Mobil Corporation will post 3.62 earnings per share for the current fiscal year.
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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. This represents a $3.08 annualized dividend and a yield of 3.71%. The ex-dividend date is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 100.33%.
In related news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil Corporation 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 sale, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Ropes Wealth Advisors LLC increased its stake in Exxon Mobil Corporation by 0.7% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 176,015 shares of the oil and gas company’s stock worth $14,430,000 after acquiring an additional 1,165 shares during the last quarter. Zeke Capital Advisors LLC increased its stake in Exxon Mobil Corporation by 72.3% in the 3rd quarter. Zeke Capital Advisors LLC now owns 66,483 shares of the oil and gas company’s stock worth $5,450,000 after acquiring an additional 27,887 shares during the last quarter. Amalgamated Bank increased its stake in Exxon Mobil Corporation by 2.6% in the 3rd quarter. Amalgamated Bank now owns 454,622 shares of the oil and gas company’s stock worth $37,270,000 after acquiring an additional 11,330 shares during the last quarter. Farr Miller & Washington LLC DC increased its stake in Exxon Mobil Corporation by 1.5% in the 3rd quarter. Farr Miller & Washington LLC DC now owns 263,492 shares of the oil and gas company’s stock worth $21,601,000 after acquiring an additional 3,867 shares during the last quarter. Finally, Cadence Capital Management LLC increased its stake in Exxon Mobil Corporation by 7.2% in the 3rd quarter. Cadence Capital Management LLC now owns 183,663 shares of the oil and gas company’s stock worth $15,057,000 after acquiring an additional 12,270 shares during the last quarter. 50.83% of the stock is currently owned by institutional investors and hedge funds.
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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