Morningstar set a $90.00 target price on Exxon Mobil (NYSE:XOM) in a report released on Wednesday morning. The firm currently has a buy rating on the oil and gas company’s stock.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada reiterated a buy rating and issued a $105.00 price objective on shares of Exxon Mobil in a research report on Wednesday, August 8th. ValuEngine upgraded Exxon Mobil from a sell rating to a hold rating in a research report on Friday, May 11th. JPMorgan Chase & Co. reiterated a neutral rating and issued a $88.00 price objective on shares of Exxon Mobil in a research report on Tuesday, July 10th. Barclays lifted their price objective on Exxon Mobil from $84.00 to $87.00 and gave the company an underweight rating in a research report on Wednesday, July 11th. Finally, HSBC reiterated a buy rating and issued a $88.00 price objective on shares of Exxon Mobil in a research report on Monday, May 14th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $87.45.

Shares of XOM opened at $81.83 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Exxon Mobil has a 52-week low of $72.15 and a 52-week high of $89.30. The firm has a market capitalization of $340.95 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 1.43 and a beta of 0.86.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business had revenue of $73.50 billion during the quarter, compared to the consensus estimate of $71.66 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The company’s revenue for the quarter was up 26.6% compared to the same quarter last year. equities research analysts forecast that Exxon Mobil will post 4.5 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 13th will be paid a $0.82 dividend. The ex-dividend date is Friday, August 10th. This represents a $3.28 annualized dividend and a dividend yield of 4.01%. Exxon Mobil’s dividend payout ratio (DPR) is currently 91.36%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XOM. Kwmg LLC acquired a new stake in shares of Exxon Mobil during the second quarter worth $102,000. CSat Investment Advisory L.P. acquired a new stake in shares of Exxon Mobil during the second quarter worth $108,000. Macroview Investment Management LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth $102,000. Corbyn Investment Management Inc. MD acquired a new stake in shares of Exxon Mobil during the first quarter worth $110,000. Finally, KHP Capital LLC acquired a new stake in shares of Exxon Mobil during the first quarter worth $111,000. 52.60% of the stock is owned by institutional investors.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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