Exxon Mobil (XOM) Price Target Cut to $80.00 by Analysts at Credit Suisse Group
Exxon Mobil (NYSE:XOM) had its target price cut by Credit Suisse Group from $84.00 to $80.00 in a research note released on Monday, Marketbeat.com reports. They currently have a neutral rating on the oil and gas company’s stock.
Several other equities analysts have also recently issued reports on the company. Howard Weil upgraded Exxon Mobil from an outperform rating to a focus list rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded Exxon Mobil from a hold rating to a buy rating and set a $98.00 price target on the stock in a research report on Saturday, January 13th. Vetr upgraded Exxon Mobil from a buy rating to a strong-buy rating and set a $92.50 price target on the stock in a research report on Thursday, December 7th. Goldman Sachs Group set a $92.00 price target on Exxon Mobil and gave the company a neutral rating in a research report on Monday, January 22nd. Finally, UBS Group set a $83.00 price target on Exxon Mobil and gave the company a neutral rating in a research report on Monday, December 4th. Seven investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $87.42.
Exxon Mobil (NYSE XOM) opened at $76.07 on Monday. The stock has a market capitalization of $322,320.00, a PE ratio of 16.43, a P/E/G ratio of 1.06 and a beta of 0.82. Exxon Mobil has a 52-week low of $76.03 and a 52-week high of $89.30. 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 also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Friday, February 9th. Exxon Mobil’s dividend payout ratio (DPR) is 66.52%.
In other news, VP Bradley W. Corson sold 19,500 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the sale, the vice president now owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Robert N. Schleckser sold 4,877 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the sale, the vice president now directly owns 187,663 shares in the company, valued at approximately $15,645,464.31. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock worth $4,273,910 in the last three months. Corporate insiders own 0.08% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. RFG Advisory Group LLC lifted its stake in Exxon Mobil by 87.8% in the 4th quarter. RFG Advisory Group LLC now owns 13,222 shares of the oil and gas company’s stock valued at $1,147,000 after buying an additional 6,183 shares in the last quarter. Squar Milner Financial Services LLC purchased a new stake in Exxon Mobil in the 4th quarter valued at approximately $784,000. First Allied Advisory Services Inc. lifted its stake in Exxon Mobil by 3.9% in the 4th quarter. First Allied Advisory Services Inc. now owns 164,168 shares of the oil and gas company’s stock valued at $13,763,000 after buying an additional 6,190 shares in the last quarter. Baugh & Associates LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth $3,214,000. Finally, Independence Bank of Kentucky purchased a new position in shares of Exxon Mobil during the 4th quarter worth $2,553,000. 51.28% of the stock is currently owned by hedge funds and other institutional investors.
WARNING: This piece was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.dailypolitical.com/2018/02/09/exxon-mobil-xom-price-target-cut-to-80-00-by-analysts-at-credit-suisse-group.html.
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.
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.