Credit Suisse Group Analysts Give Exxon Mobil (XOM) a $79.00 Price Target
Credit Suisse Group set a $79.00 price target on Exxon Mobil (NYSE:XOM) in a research note issued to investors on Friday. The brokerage currently has a neutral rating on the oil and gas company’s stock.
Several other analysts have also weighed in on the company. Wolfe Research raised Exxon Mobil from a market perform rating to an outperform rating in a research note on Monday, November 26th. BNP Paribas set a $85.00 price objective on Exxon Mobil and gave the company a sell rating in a research note on Wednesday, October 17th. Raymond James lowered Exxon Mobil from a market perform rating to an underperform rating in a research note on Tuesday, November 20th. Macquarie reaffirmed a sell rating and issued a $70.00 price objective on shares of Exxon Mobil in a research note on Monday, November 19th. Finally, Zacks Investment Research lowered Exxon Mobil from a buy rating to a hold rating in a research note on Saturday, October 13th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $83.70.
XOM opened at $75.92 on Friday. The firm has a market cap of $321.71 billion, a PE ratio of 15.40, a P/E/G ratio of 1.64 and a beta of 0.90. Exxon Mobil has a 52-week low of $64.65 and a 52-week high of $87.36. The company has a current ratio of 0.83, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 11th will be given a $0.82 dividend. The ex-dividend date of this dividend is Friday, February 8th. This represents a $3.28 annualized dividend and a yield of 4.32%. Exxon Mobil’s dividend payout ratio is presently 66.53%.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $72.84, for a total value of $1,092,600.00. Following the completion of the transaction, the vice president now directly owns 223,461 shares in the company, valued at $16,276,899.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David S. Rosenthal sold 7,562 shares of the stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $81.24, for a total value of $614,336.88. Following the completion of the transaction, the vice president now owns 258,250 shares of the company’s stock, valued at $20,980,230. The disclosure for this sale can be found here. Insiders sold 58,587 shares of company stock valued at $4,507,808 over the last quarter. Corporate insiders own 0.08% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Cordasco Financial Network raised its position in shares of Exxon Mobil by 4.1% during the fourth quarter. Cordasco Financial Network now owns 3,775 shares of the oil and gas company’s stock worth $257,000 after acquiring an additional 148 shares during the last quarter. Sippican Capital Advisors increased its holdings in Exxon Mobil by 1.0% in the fourth quarter. Sippican Capital Advisors now owns 15,310 shares of the oil and gas company’s stock worth $1,044,000 after purchasing an additional 150 shares in the last quarter. First National Bank of Hutchinson increased its holdings in Exxon Mobil by 1.2% in the fourth quarter. First National Bank of Hutchinson now owns 13,896 shares of the oil and gas company’s stock worth $948,000 after purchasing an additional 162 shares in the last quarter. Altfest L J & Co. Inc. increased its holdings in Exxon Mobil by 0.5% in the fourth quarter. Altfest L J & Co. Inc. now owns 36,427 shares of the oil and gas company’s stock worth $2,484,000 after purchasing an additional 170 shares in the last quarter. Finally, Orca Investment Management LLC increased its holdings in Exxon Mobil by 4.8% in the fourth quarter. Orca Investment Management LLC now owns 4,139 shares of the oil and gas company’s stock worth $282,000 after purchasing an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 53.08% 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; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products.
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