Exxon Mobil (XOM) Given a $81.00 Price Target by J P Morgan Chase & Co Analysts
Several other equities research analysts have also issued reports on the company. Vetr upgraded Exxon Mobil from a hold rating to a buy rating and set a $79.60 price target for the company in a report on Tuesday, August 29th. Piper Jaffray Companies set a $76.00 price target on Exxon Mobil and gave the company a hold rating in a report on Friday, August 25th. Goldman Sachs Group set a $86.00 price target on Exxon Mobil and gave the company a neutral rating in a report on Monday, October 30th. Royal Bank of Canada set a $90.00 price target on Exxon Mobil and gave the company a hold rating in a report on Tuesday, August 29th. Finally, lowered Exxon Mobil from a hold rating to a reduce rating and reduced their price target for the company from $83.60 to $77.00 in a report on Tuesday, November 7th. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Exxon Mobil currently has an average rating of Hold and an average target price of $86.32.
Shares of Exxon Mobil (NYSE:XOM) opened at $83.03 on Tuesday. The stock has a market capitalization of $351,810.00, a PE ratio of 23.35, a PEG ratio of 1.74 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. Exxon Mobil has a 1-year low of $76.05 and a 1-year high of $91.67.
Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the previous year, the company earned $0.63 EPS. sell-side analysts anticipate that Exxon Mobil will post 3.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 13th were paid a $0.77 dividend. 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 payout ratio is 100.33%.
In other Exxon Mobil news, insider James M. Spellings, Jr. sold 9,379 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total value of $781,927.23. Following the transaction, the insider now directly owns 220,000 shares of the company’s stock, valued at approximately $18,341,400. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The disclosure for this sale can be found here. Insiders sold a total of 74,013 shares of company stock worth $6,080,952 over the last three months. 0.08% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. CWH Capital Management Inc. acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $114,000. Horan Securities Inc. grew its holdings in shares of Exxon Mobil by 20.8% during the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 260 shares in the last quarter. Litman Gregory Asset Management LLC acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $131,000. Watermark Asset Management Inc. acquired a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $136,000. Finally, Acrospire Investment Management LLC grew its holdings in shares of Exxon Mobil by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 1,100 shares in the last quarter. 51.18% of the stock is currently owned by institutional investors.
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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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