Morgan Stanley set a $84.00 price target on Exxon Mobil (NYSE:XOM) in a research report released on Monday, Stock Target Advisor reports. The brokerage currently has a hold rating on the oil and gas company’s stock.
Several other equities research analysts also recently weighed in on XOM. JPMorgan Chase & Co. reissued a neutral rating and set a $87.00 price objective on shares of Exxon Mobil in a report on Tuesday, February 26th. Credit Suisse Group set a $79.00 price objective on Exxon Mobil and gave the company a neutral rating in a report on Thursday, March 7th. Royal Bank of Canada lifted their target price on Exxon Mobil to $100.00 and gave the stock an outperform rating in a report on Thursday, March 7th. Mizuho set a $84.00 target price on Exxon Mobil and gave the stock a hold rating in a report on Thursday, March 7th. Finally, Bank of America set a $105.00 target price on Exxon Mobil and gave the stock a buy rating in a report on Thursday, March 7th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $84.76.
NYSE XOM opened at $76.60 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.50 and a current ratio of 0.77. Exxon Mobil has a twelve month low of $64.65 and a twelve month high of $87.36. The firm has a market cap of $325.58 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 1.76 and a beta of 0.95. The firm’s fifty day moving average price is $74.90.
Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.20). Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. The firm had revenue of $63.63 billion for the quarter, compared to analyst estimates of $67.35 billion. During the same period last year, the business earned $1.09 EPS. The company’s revenue was down 6.7% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil will post 3.99 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, May 13th were given a $0.87 dividend. The ex-dividend date was Friday, May 10th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.82. This represents a $3.48 annualized dividend and a dividend yield of 4.54%. Exxon Mobil’s dividend payout ratio (DPR) is 70.59%.
In other news, VP Bryan W. Milton sold 6,033 shares of Exxon Mobil stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Following the completion of the transaction, the vice president now directly owns 219,423 shares of the company’s stock, valued at approximately $16,750,751.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.05% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Weaver Consulting Group bought a new position in shares of Exxon Mobil in the 1st quarter worth about $200,000. FMR LLC raised its position in shares of Exxon Mobil by 6.8% in the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock worth $3,859,642,000 after acquiring an additional 3,038,704 shares in the last quarter. Horizon Investments LLC increased its position in Exxon Mobil by 30.5% in the 1st quarter. Horizon Investments LLC now owns 49,826 shares of the oil and gas company’s stock valued at $3,980,000 after buying an additional 11,648 shares in the last quarter. B. Riley Wealth Management Inc. increased its position in Exxon Mobil by 30.5% in the 1st quarter. B. Riley Wealth Management Inc. now owns 28,233 shares of the oil and gas company’s stock valued at $2,281,000 after buying an additional 6,603 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in Exxon Mobil in the 1st quarter valued at about $204,000. 54.55% of the stock is owned by hedge funds and other 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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.
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