Exxon Mobil Corporation (XOM) Given a $85.00 Price Target by Goldman Sachs Group, Inc. (The) Analysts
Goldman Sachs Group, Inc. (The) set a $85.00 price target on Exxon Mobil Corporation (NYSE:XOM) in a research report report published on Tuesday morning. The firm currently has a neutral rating on the oil and gas company’s stock.
A number of other analysts also recently weighed in on XOM. Vetr downgraded 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 research report on Thursday, September 28th. BNP Paribas set a $70.00 price target on shares of Exxon Mobil Corporation and gave the stock a sell rating in a report on Monday, September 25th. Cowen and Company restated a buy rating and issued a $100.00 price target on shares of Exxon Mobil Corporation in a research report on Tuesday, September 19th. Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the stock a buy rating in a research report on Monday, September 18th. Finally, UBS AG upgraded shares of Exxon Mobil Corporation from a sell rating to a neutral rating and boosted their price target for the stock from $75.00 to $76.00 in a research report on Wednesday, September 6th. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $84.75.
Shares of Exxon Mobil Corporation (NYSE XOM) traded down 0.24% during mid-day trading on Tuesday, hitting $81.56. The stock had a trading volume of 905,628 shares. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22. The stock’s 50-day moving average is $78.78 and its 200-day moving average is $80.72. The firm has a market capitalization of $345.58 billion, a PE ratio of 29.40 and a beta of 0.82.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.05). The company had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. Exxon Mobil Corporation’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 earnings per share. Equities analysts expect that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were issued a $0.77 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.77%. Exxon Mobil Corporation’s dividend payout ratio is currently 111.19%.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of XOM. Gulf International Bank UK Ltd lifted its holdings in Exxon Mobil Corporation by 2.1% during the first quarter. Gulf International Bank UK Ltd now owns 1,295,105 shares of the oil and gas company’s stock worth $106,211,000 after acquiring an additional 26,500 shares during the period. Union Bankshares Corp boosted its position in Exxon Mobil Corporation by 2.1% in the first quarter. Union Bankshares Corp now owns 103,591 shares of the oil and gas company’s stock worth $8,496,000 after purchasing an additional 2,130 shares during the last quarter. Augustine Asset Management Inc. boosted its position in Exxon Mobil Corporation by 20.1% in the first quarter. Augustine Asset Management Inc. now owns 21,475 shares of the oil and gas company’s stock worth $1,761,000 after purchasing an additional 3,600 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in Exxon Mobil Corporation by 28.1% in the first quarter. Koshinski Asset Management Inc. now owns 29,120 shares of the oil and gas company’s stock worth $2,388,000 after purchasing an additional 6,389 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Exxon Mobil Corporation by 10.4% in the first quarter. Quadrant Capital Group LLC now owns 27,454 shares of the oil and gas company’s stock worth $2,236,000 after purchasing an additional 2,576 shares during the last quarter. 50.74% of the stock is currently owned by hedge funds and other institutional investors.
Exxon Mobil Corporation Company Profile
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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