Goldman Sachs Group Reaffirms Neutral Rating for Exxon Mobil (XOM)
Goldman Sachs Group reaffirmed their neutral rating on shares of Exxon Mobil (NYSE:XOM) in a report issued on Thursday morning. Goldman Sachs Group currently has a $85.00 target price on the oil and gas company’s stock.
Several other research firms have also issued reports on XOM. Vetr lowered shares of Exxon Mobil from a strong-buy rating to a buy rating and set a $87.14 price target for the company. in a report on Tuesday, February 27th. Royal Bank of Canada lowered their price target on shares of Exxon Mobil from $90.00 to $85.00 and set a sector perform rating for the company in a report on Thursday, November 16th. Jefferies Group set a $90.00 price target on shares of Exxon Mobil and gave the stock a neutral rating in a report on Friday, January 19th. BNP Paribas set a $75.00 price target on shares of Exxon Mobil and gave the stock a sell rating in a report on Wednesday, November 15th. Finally, Barclays restated a sell rating and set a $84.00 price target on shares of Exxon Mobil in a report on Tuesday, February 20th. Six equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Exxon Mobil has an average rating of Hold and an average price target of $86.37.
Exxon Mobil (XOM) opened at $74.56 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13. Exxon Mobil has a fifty-two week low of $73.56 and a fifty-two week high of $89.30. The stock has a market cap of $315,950.00, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 12th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.13%. The ex-dividend date was Friday, February 9th. Exxon Mobil’s payout ratio is currently 95.36%.
In related news, VP Neil A. Chapman sold 12,000 shares of Exxon Mobil stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $83.05, for a total value of $996,600.00. Following the completion of the sale, the vice president now owns 291,385 shares of the company’s stock, valued at approximately $24,199,524.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Exxon Mobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after acquiring an additional 10,366,636 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Exxon Mobil by 136,463.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after acquiring an additional 7,134,305 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Exxon Mobil by 172.4% during the 4th quarter. Renaissance Technologies LLC now owns 9,948,354 shares of the oil and gas company’s stock worth $832,080,000 after acquiring an additional 6,295,900 shares during the last quarter. Stifel Financial Corp boosted its holdings in Exxon Mobil by 37,429.2% during the 3rd quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock worth $309,285,000 after acquiring an additional 3,764,256 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in Exxon Mobil by 133.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 6,476,312 shares of the oil and gas company’s stock worth $541,677,000 after acquiring an additional 3,702,790 shares during the last quarter. 52.21% of the stock is owned by institutional investors and hedge funds.
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About Exxon Mobil
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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