HSBC restated their neutral rating on shares of Exxon Mobil (NYSE:XOM) in a research note issued to investors on Thursday morning, Borsen Zeitung reports. The firm currently has a $86.50 price target on the oil and gas company’s stock.

Several other research analysts have also commented on XOM. Morgan Stanley dropped their price target on shares of Exxon Mobil from $86.00 to $85.00 and set an equal weight rating on the stock in a research note on Thursday, May 16th. Goldman Sachs Group restated a hold rating and set a $80.00 price target on shares of Exxon Mobil in a research note on Monday, April 29th. JPMorgan Chase & Co. restated a neutral rating and set a $87.00 price target on shares of Exxon Mobil in a research note on Friday, April 26th. Royal Bank of Canada restated a buy rating and set a $100.00 price target on shares of Exxon Mobil in a research note on Thursday, April 25th. Finally, Berenberg Bank restated a hold rating and set a $76.00 price target on shares of Exxon Mobil in a research note on Thursday, April 11th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $84.81.

XOM stock opened at $73.79 on Thursday. Exxon Mobil has a 12-month low of $64.65 and a 12-month high of $87.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.50. The company has a market capitalization of $323.11 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.59 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, April 26th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.20). Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The company had revenue of $63.63 billion during the quarter, compared to analysts’ expectations of $67.35 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil will post 3.98 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 13th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Friday, May 10th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.82. This represents a $3.48 dividend on an annualized basis and a yield of 4.72%. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

In related news, VP Bryan W. Milton sold 6,033 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $76.34, for a total value of $460,559.22. Following the transaction, the vice president now directly owns 219,423 shares in the company, valued at approximately $16,750,751.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.05% of the company’s stock.

A number of large investors have recently bought and sold shares of XOM. Watch Point Trust Co grew its position in shares of Exxon Mobil by 8.5% in the third quarter. Watch Point Trust Co now owns 29,934 shares of the oil and gas company’s stock valued at $2,545,000 after purchasing an additional 2,351 shares in the last quarter. Palo Capital Inc. grew its position in shares of Exxon Mobil by 12.3% in the third quarter. Palo Capital Inc. now owns 26,592 shares of the oil and gas company’s stock valued at $2,261,000 after purchasing an additional 2,909 shares in the last quarter. Middleton & Co Inc MA grew its position in shares of Exxon Mobil by 0.8% in the third quarter. Middleton & Co Inc MA now owns 150,706 shares of the oil and gas company’s stock valued at $12,813,000 after purchasing an additional 1,165 shares in the last quarter. Oakworth Capital Inc. grew its position in shares of Exxon Mobil by 19.6% in the third quarter. Oakworth Capital Inc. now owns 31,610 shares of the oil and gas company’s stock valued at $2,688,000 after purchasing an additional 5,184 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Exxon Mobil by 12.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,316,028 shares of the oil and gas company’s stock valued at $111,890,000 after purchasing an additional 149,931 shares in the last quarter. Institutional investors and hedge funds own 53.86% of the company’s stock.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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