Exxon Mobil Corporation (XOM) Given a $86.00 Price Target at Jefferies Group LLC
Jefferies Group LLC set a $86.00 price objective on Exxon Mobil Corporation (NYSE:XOM) in a research note issued to investors on Thursday morning. The brokerage currently has a hold rating on the oil and gas company’s stock.
Other equities research analysts have also issued reports about the company. Vetr upgraded Exxon Mobil Corporation from a hold rating to a buy rating and set a $85.72 price objective for the company in a research note on Monday, April 3rd. HSBC Holdings plc restated a neutral rating and issued a $85.00 price objective on shares of Exxon Mobil Corporation in a research note on Thursday, April 13th. Societe Generale set a $95.00 price objective on Exxon Mobil Corporation and gave the stock a buy rating in a research note on Friday, July 14th. Morgan Stanley set a $81.00 price objective on Exxon Mobil Corporation and gave the stock a sell rating in a research note on Tuesday, July 11th. Finally, UBS AG set a $77.00 price objective on Exxon Mobil Corporation and gave the stock a sell rating in a research note on Tuesday, April 25th. Nine research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $85.46.
Shares of Exxon Mobil Corporation (NYSE XOM) opened at 79.60 on Thursday. The stock has a market capitalization of $337.27 billion, a P/E ratio of 28.75 and a beta of 0.82. Exxon Mobil Corporation has a 52-week low of $78.27 and a 52-week high of $93.21. The firm has a 50-day moving average price of $81.20 and a 200-day moving average price of $82.16.
Exxon Mobil Corporation (NYSE:XOM) last announced its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. The company had revenue of $62.88 billion for the quarter, compared to analysts’ expectations of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.17% and a return on equity of 6.78%. Exxon Mobil Corporation’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, analysts predict that Exxon Mobil Corporation will post $3.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.
Several institutional investors have recently modified their holdings of the company. Rosenbaum Jay D. raised its position in shares of 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 during the period. Gyroscope Capital Management Group LLC raised its position in shares of 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 during the period. Tyers Asset Management LLC bought a new position in shares of Exxon Mobil Corporation during the fourth quarter worth approximately $12,144,000. Total Investment Management Inc. bought a new position in shares of Exxon Mobil Corporation during the fourth quarter worth approximately $285,000. Finally, Oakmont Partners LLC raised its position in shares of 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 during the period. 50.58% of the stock is currently 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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