Exxon Mobil Corporation (XOM) Given a $90.00 Price Target by Royal Bank Of Canada Analysts
Royal Bank Of Canada set a $90.00 price target on Exxon Mobil Corporation (NYSE:XOM) in a research report sent to investors on Tuesday morning. The firm currently has a hold rating on the oil and gas company’s stock.
A number of other research firms have also recently weighed in on XOM. Scotiabank set a $85.00 target price on shares of Exxon Mobil Corporation and gave the stock a hold rating in a research note on Monday, May 1st. Bank of America Corporation raised shares of Exxon Mobil Corporation from a neutral rating to a buy rating and boosted their target price for the stock from $95.00 to $100.00 in a research note on Thursday, May 11th. Maxim Group began coverage on shares of Exxon Mobil Corporation in a research note on Thursday, May 11th. They set a hold rating on the stock. Jefferies Group LLC reaffirmed a hold rating and set a $86.00 target price on shares of Exxon Mobil Corporation in a research note on Wednesday, May 17th. Finally, Argus reaffirmed a focus list rating and set a $104.00 target price (up previously from $91.00) on shares of Exxon Mobil Corporation in a research note on Thursday, May 18th. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Exxon Mobil Corporation currently has a consensus rating of Hold and an average target price of $84.37.
Exxon Mobil Corporation (NYSE:XOM) opened at 76.45 on Tuesday. The firm has a market cap of $323.93 billion, a price-to-earnings ratio of 27.56 and a beta of 0.81. Exxon Mobil Corporation has a 12 month low of $76.05 and a 12 month high of $93.21. The stock has a 50 day moving average price of $79.36 and a 200 day moving average price of $81.22.
Exxon Mobil Corporation (NYSE:XOM) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by $0.05. The firm had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.41 earnings per share. On average, equities analysts expect that Exxon Mobil Corporation will post $3.43 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 14th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is currently 111.19%.
In related news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.08% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Exxon Mobil Corporation during the fourth quarter worth approximately $3,306,084,000. State Street Corp boosted its stake in shares of Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after buying an additional 15,740,895 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Exxon Mobil Corporation by 3.5% in the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after buying an additional 10,366,636 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Exxon Mobil Corporation by 136,463.4% in the second quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after buying an additional 7,134,305 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in shares of Exxon Mobil Corporation by 8,029.5% in the second quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after buying an additional 3,695,728 shares during the last quarter. Institutional investors own 50.81% of the company’s stock.
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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