Exxon Mobil Corporation (XOM) Receives $85.78 Consensus Target Price from Brokerages
Shares of Exxon Mobil Corporation (NYSE:XOM) have earned a consensus rating of “Hold” from the thirty-two brokerages that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $85.78.
XOM has been the topic of a number of recent analyst reports. TheStreet upgraded Exxon Mobil Corporation from a “c” rating to a “b-” rating in a research report on Friday, October 27th. Vetr lowered Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $88.62 price objective on the stock. in a research report on Tuesday, July 11th. Societe Generale set a $95.00 price objective on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Scotiabank set a $86.00 price target on Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Barclays PLC set a $94.00 price target on Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Monday, August 21st.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded down $0.69 during mid-day trading on Wednesday, hitting $83.18. The stock had a trading volume of 6,807,003 shares, compared to its average volume of 8,480,000. The company has a market cap of $352.44 billion, a price-to-earnings ratio of 23.46, a P/E/G ratio of 1.76 and a beta of 0.83. Exxon Mobil Corporation has a 12-month low of $76.05 and a 12-month high of $93.21. The company has a current ratio of 0.85, a quick ratio of 0.53 and a debt-to-equity ratio of 0.13.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil Corporation had a return on equity of 8.21% and a net margin of 5.14%. During the same period last year, the company earned $0.63 EPS. research analysts forecast that Exxon Mobil Corporation will post 3.62 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Friday, November 10th. Exxon Mobil Corporation’s dividend payout ratio is currently 100.33%.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction on Monday, September 18th. The stock was 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 in the company, valued at $18,470,182.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Riggs Asset Managment Co. Inc. increased its position in Exxon Mobil Corporation by 27.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 292 shares during the last quarter. CWH Capital Management Inc. bought a new stake in Exxon Mobil Corporation during the second quarter valued at about $114,000. Horan Securities Inc. grew its holdings in Exxon Mobil Corporation by 20.8% during the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 260 shares during the period. Watermark Asset Management Inc. bought a new stake in Exxon Mobil Corporation during the first quarter valued at about $136,000. Finally, Acrospire Investment Management LLC grew its holdings in Exxon Mobil Corporation by 172.7% during the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 1,100 shares during the period. Institutional investors own 50.82% of the company’s stock.
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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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