Credit Suisse Group initiated coverage on shares of Exxon Mobil (NYSE:XOM) in a research report released on Monday morning, MarketBeat.com reports. The firm issued a neutral rating and a $83.00 target price on the oil and gas company’s stock.

Other equities research analysts also recently issued reports about the stock. TheStreet raised shares of Exxon Mobil from a c rating to a b- rating in a research report on Friday, October 27th. Vetr raised shares of Exxon Mobil from a hold rating to a buy rating and set a $79.60 target price for the company in a research report on Thursday, August 17th. Barclays set a $94.00 price objective on shares of Exxon Mobil and gave the stock a buy rating in a research report on Monday, August 21st. Societe Generale set a $95.00 price objective on shares of Exxon Mobil and gave the stock a buy rating in a research report on Monday, September 18th. Finally, Cowen reaffirmed a buy rating and issued a $100.00 price objective on shares of Exxon Mobil in a research report on Tuesday, September 19th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of Hold and an average price target of $86.20.

Shares of Exxon Mobil (NYSE:XOM) opened at $83.12 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The company has a market cap of $352,190.00, a PE ratio of 23.32, a PEG ratio of 1.74 and a beta of 0.82. Exxon Mobil has a 52-week low of $76.05 and a 52-week high of $92.27.

Exxon Mobil (NYSE:XOM) last posted its earnings results 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. The company had revenue of $66.17 billion during the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same period in the previous year, the firm posted $0.63 earnings per share. research analysts anticipate that Exxon Mobil will post 3.65 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Friday, November 10th. Exxon Mobil’s dividend payout ratio is currently 100.33%.

In other news, VP Robert N. Schleckser sold 5,601 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the completion of the transaction, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The disclosure for this sale can be found here. Insiders have sold a total of 62,013 shares of company stock valued at $5,084,352 over the last three months. Insiders own 0.08% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in XOM. Doyle Wealth Management lifted its stake in shares of Exxon Mobil by 2.7% during the 2nd quarter. Doyle Wealth Management now owns 259,322 shares of the oil and gas company’s stock valued at $20,935,000 after buying an additional 6,921 shares in the last quarter. Shell Asset Management Co. lifted its stake in shares of Exxon Mobil by 1.6% during the 2nd quarter. Shell Asset Management Co. now owns 808,400 shares of the oil and gas company’s stock valued at $65,262,000 after buying an additional 12,362 shares in the last quarter. Holderness Investments Co. lifted its stake in shares of Exxon Mobil by 48.1% during the 1st quarter. Holderness Investments Co. now owns 48,307 shares of the oil and gas company’s stock valued at $3,962,000 after buying an additional 15,687 shares in the last quarter. Baldwin Brothers Inc. MA lifted its stake in shares of Exxon Mobil by 14.4% during the 2nd quarter. Baldwin Brothers Inc. MA now owns 104,939 shares of the oil and gas company’s stock valued at $8,472,000 after buying an additional 13,206 shares in the last quarter. Finally, Strategic Financial Group LLC lifted its stake in shares of Exxon Mobil by 21.9% during the 1st quarter. Strategic Financial Group LLC now owns 9,907 shares of the oil and gas company’s stock valued at $812,000 after buying an additional 1,778 shares in the last quarter. 51.18% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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