Berenberg Bank assumed coverage on shares of Exxon Mobil (NYSE:XOM) in a report issued on Tuesday morning, Marketbeat reports. The brokerage issued a hold rating and a $84.00 price objective on the oil and gas company’s stock.

Several other research firms also recently issued reports on XOM. JPMorgan Chase & Co. reaffirmed a neutral rating and set a $88.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 10th. Macquarie reaffirmed a sell rating and set a $70.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 10th. Barclays reaffirmed a sell rating and set a $84.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 10th. Morningstar set a $85.00 price target on Exxon Mobil and gave the stock a neutral rating in a research note on Monday, June 11th. Finally, Jefferies Financial Group reaffirmed a neutral rating and set a $87.00 price target on shares of Exxon Mobil in a research note on Monday, June 11th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $87.66.

NYSE:XOM opened at $82.32 on Tuesday. The firm has a market cap of $351.12 billion, a PE ratio of 22.93, a PEG ratio of 1.40 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. Exxon Mobil has a 52-week low of $72.15 and a 52-week high of $89.30.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.34). The firm had revenue of $73.50 billion for the quarter, compared to analyst estimates of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. analysts expect that Exxon Mobil will post 4.5 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Friday, August 10th. Exxon Mobil’s dividend payout ratio is presently 91.36%.

A number of institutional investors have recently bought and sold shares of the stock. Kwmg LLC purchased a new stake in Exxon Mobil in the 2nd quarter valued at about $102,000. CSat Investment Advisory L.P. purchased a new stake in Exxon Mobil in the 2nd quarter valued at about $108,000. Macroview Investment Management LLC purchased a new stake in Exxon Mobil in the 1st quarter valued at about $102,000. Corbyn Investment Management Inc. MD purchased a new stake in Exxon Mobil in the 1st quarter valued at about $110,000. Finally, KHP Capital LLC purchased a new stake in Exxon Mobil in the 1st quarter valued at about $111,000. Hedge funds and other institutional investors own 52.60% of the company’s stock.

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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