Exxon Mobil Corporation (NYSE:XOM) Given a $86.00 Price Target by Scotiabank Analysts
Scotiabank set a $86.00 price objective on Exxon Mobil Corporation (NYSE:XOM) in a research report sent to investors on Friday morning. The brokerage currently has a buy rating on the oil and gas company’s stock.
Several other analysts also recently weighed in on XOM. UBS AG set a $77.00 target price on shares of Exxon Mobil Corporation and gave the company a sell rating in a report on Tuesday, April 25th. BMO Capital Markets reaffirmed a hold rating and issued a $76.00 target price on shares of Exxon Mobil Corporation in a report on Friday, April 28th. Jefferies Group LLC set a $86.00 target price on shares of Exxon Mobil Corporation and gave the company a hold rating in a report on Thursday, July 27th. Vetr raised shares of Exxon Mobil Corporation from a buy rating to a strong-buy rating and set a $89.47 target price on the stock in a report on Monday, July 24th. Finally, Royal Bank Of Canada set a $88.00 target price on shares of Exxon Mobil Corporation and gave the company a neutral rating in a report on Thursday, July 20th. Nine equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $85.46.
Shares of Exxon Mobil Corporation (NYSE:XOM) opened at 80.04 on Friday. The stock has a market capitalization of $339.13 billion, a price-to-earnings ratio of 28.91 and a beta of 0.82. Exxon Mobil Corporation has a 1-year low of $78.27 and a 1-year high of $93.21. The stock’s 50 day moving average is $81.14 and its 200 day moving average is $82.06.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by $0.05. The firm had revenue of $62.88 billion during the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.70%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. On average, equities analysts forecast that Exxon Mobil Corporation will post $3.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio is presently 111.19%.
Several institutional investors have recently bought and sold shares of the stock. Rosenbaum Jay D. raised its position in Exxon Mobil Corporation by 10.6% in the first quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock worth $1,473,000 after buying an additional 1,725 shares in the last quarter. Gyroscope Capital Management Group LLC raised its position in Exxon Mobil Corporation by 49.1% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 26,823 shares of the oil and gas company’s stock worth $2,421,000 after buying an additional 8,829 shares in the last quarter. Tyers Asset Management LLC purchased a new position in Exxon Mobil Corporation during the fourth quarter worth $12,144,000. Total Investment Management Inc. purchased a new position in Exxon Mobil Corporation during the fourth quarter worth $285,000. Finally, Oakmont Partners LLC raised its position in Exxon Mobil Corporation by 7.8% in the first quarter. Oakmont Partners LLC now owns 7,330 shares of the oil and gas company’s stock worth $601,000 after buying an additional 532 shares in the last quarter. 50.61% of the stock is owned by institutional investors and hedge funds.
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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