Other equities research analysts have also issued research reports about the stock. Cowen and Company reaffirmed a buy rating and set a $100.00 target price on shares of Exxon Mobil Corporation in a report on Tuesday, September 19th. Vetr lowered shares of Exxon Mobil Corporation from a buy rating to a hold rating and set a $85.17 target price for the company. in a report on Thursday, September 28th. Goldman Sachs Group, Inc. (The) set a $86.00 target price on shares of Exxon Mobil Corporation and gave the stock a neutral rating in a report on Monday, October 30th. Barclays PLC set a $94.00 target price on shares of Exxon Mobil Corporation and gave the stock a buy rating in a report on Monday, August 21st. Finally, Morgan Stanley set a $85.00 target price on shares of Exxon Mobil Corporation and gave the stock a sell rating in a report on Tuesday, October 17th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $85.57.
Exxon Mobil Corporation (XOM) traded down $1.03 during trading hours on Wednesday, reaching $81.21. 9,663,600 shares of the company’s stock were exchanged, compared to its average volume of 11,004,341. 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 firm has a market capitalization of $341,340.00, a PE ratio of 23.10, a PEG ratio of 1.74 and a beta of 0.83. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. During the same period in the prior year, the business posted $0.63 earnings per share. equities research analysts predict that Exxon Mobil Corporation will post 3.62 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.79%. Exxon Mobil Corporation’s dividend payout ratio is presently 100.33%.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Riggs Asset Managment Co. Inc. raised its holdings in Exxon Mobil Corporation by 27.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 292 shares in the last quarter. CWH Capital Management Inc. acquired a new stake in Exxon Mobil Corporation during the second quarter worth approximately $114,000. Horan Securities Inc. raised its holdings in Exxon Mobil Corporation by 20.8% during the second 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 Exxon Mobil Corporation during the third quarter worth approximately $131,000. Finally, Watermark Asset Management Inc. acquired a new stake in Exxon Mobil Corporation during the first quarter worth approximately $136,000. 50.84% of the stock is currently owned by hedge funds and other institutional investors.
About Exxon Mobil Corporation
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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