Exxon Mobil Corporation (XOM) PT Lowered to $85.00
Exxon Mobil Corporation (NYSE:XOM) had its price target lowered by Royal Bank Of Canada from $90.00 to $85.00 in a report released on Thursday, Marketbeat.com reports. The brokerage currently has a sector perform rating on the oil and gas company’s stock.
A number of other brokerages have also commented on XOM. Goldman Sachs Group, Inc. (The) set a $86.00 target price on Exxon Mobil Corporation and gave the company a neutral rating in a research note on Tuesday, November 7th. lowered Exxon Mobil Corporation from a hold rating to a reduce rating and cut their target price for the company from $83.60 to $77.00 in a research note on Tuesday, November 7th. Wells Fargo & Company set a $84.00 target price on Exxon Mobil Corporation and gave the company a neutral rating in a research note on Monday, October 30th. TheStreet upgraded Exxon Mobil Corporation from a c rating to a b- rating in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded Exxon Mobil Corporation from a hold rating to a buy rating and set a $93.00 target price for the company in a research note on Thursday, October 26th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $85.78.
Exxon Mobil Corporation (NYSE:XOM) opened at $80.24 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The company has a market capitalization of $339,990.00, a price-to-earnings ratio of 22.54, a P/E/G ratio of 1.69 and a beta of 0.83. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the prior year, the company posted $0.63 earnings per share. research analysts predict that Exxon Mobil Corporation will post 3.62 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.84%. The ex-dividend date is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio is 100.33%.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction dated 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 document filed with the SEC, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of XOM. Riggs Asset Managment Co. Inc. boosted its holdings in Exxon Mobil Corporation by 27.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after buying an additional 292 shares during the last quarter. CWH Capital Management Inc. bought a new position in Exxon Mobil Corporation during the second quarter worth about $114,000. Horan Securities Inc. boosted its holdings in Exxon Mobil Corporation by 20.8% during the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after buying an additional 260 shares during the last quarter. Litman Gregory Asset Management LLC bought a new position in Exxon Mobil Corporation during the third quarter worth about $131,000. Finally, Watermark Asset Management Inc. bought a new position in Exxon Mobil Corporation during the first quarter worth about $136,000. Hedge funds and other institutional investors own 50.76% of the company’s stock.
About Exxon Mobil Corporation
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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