Exxon Mobil Corporation (XOM) PT Set at $81.00 by Jefferies Group LLC
Jefferies Group LLC set a $81.00 target price on Exxon Mobil Corporation (NYSE:XOM) in a research note published on Tuesday morning. The firm currently has a hold rating on the oil and gas company’s stock. Jefferies Group also issued estimates for Exxon Mobil Corporation’s FY2017 earnings at $3.33 EPS, FY2018 earnings at $3.61 EPS and FY2019 earnings at $4.02 EPS.
XOM has been the subject of a number of other research reports. UBS AG set a $75.00 price objective on Exxon Mobil Corporation and gave the company a sell rating in a research report on Thursday, June 8th. Scotiabank set a $86.00 price objective on Exxon Mobil Corporation and gave the company a buy rating in a research report on Saturday, June 17th. Vetr raised Exxon Mobil Corporation from a hold rating to a buy rating and set a $79.60 price objective for the company in a research report on Tuesday. Royal Bank Of Canada set a $90.00 price objective on Exxon Mobil Corporation and gave the company a neutral rating in a research report on Thursday, August 3rd. Finally, Independent Research GmbH set a $84.00 price objective on Exxon Mobil Corporation and gave the company a neutral rating in a research report on Monday, August 21st. Eight equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $84.37.
Shares of Exxon Mobil Corporation (NYSE:XOM) opened at 76.57 on Tuesday. The company has a market cap of $324.44 billion, a P/E ratio of 27.60 and a beta of 0.81. The stock’s 50 day moving average price is $78.77 and its 200 day moving average price is $81.01. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.21.
Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. The firm had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. On average, analysts forecast that Exxon Mobil Corporation will post $3.42 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 4.02%. Exxon Mobil Corporation’s payout ratio is currently 111.19%.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.08% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Exxon Mobil Corporation during the fourth quarter valued at $101,000. Horan Securities Inc. bought a new stake in shares of Exxon Mobil Corporation during the first quarter valued at $102,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of Exxon Mobil Corporation by 27.2% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 292 shares during the last quarter. CWH Capital Management Inc. bought a new stake in shares of Exxon Mobil Corporation during the second quarter valued at $114,000. Finally, Watermark Asset Management Inc. bought a new stake in shares of Exxon Mobil Corporation during the first quarter valued at $136,000. 50.81% of the stock is currently owned by institutional investors.
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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