HSBC restated their buy rating on shares of ExxonMobil (NYSE:XOM) in a report issued on Monday morning. They currently have a $88.00 target price on the oil and gas company’s stock.

Several other equities research analysts also recently commented on XOM. Goldman Sachs restated a neutral rating and issued a $83.00 target price on shares of ExxonMobil in a research note on Monday, April 30th. ValuEngine upgraded shares of ExxonMobil from a sell rating to a hold rating in a research note on Friday, May 11th. Credit Suisse Group set a $82.00 target price on shares of ExxonMobil and gave the company a hold rating in a research note on Friday, April 27th. UBS restated a neutral rating and issued a $83.00 target price on shares of ExxonMobil in a research note on Monday, April 23rd. Finally, Vetr downgraded shares of ExxonMobil from a strong-buy rating to a buy rating and set a $81.94 target price on the stock. in a research note on Tuesday, April 10th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $86.75.

Shares of NYSE:XOM opened at $82.02 on Monday. ExxonMobil has a 52 week low of $81.17 and a 52 week high of $81.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.50 and a current ratio of 0.80. The firm has a market capitalization of $346.75 billion, a PE ratio of 22.85, a PEG ratio of 1.17 and a beta of 0.90.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, April 27th. The oil and gas company reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.05). ExxonMobil had a net margin of 7.72% and a return on equity of 8.22%. The firm had revenue of $68.21 billion during the quarter, compared to analyst estimates of $61.49 billion. During the same quarter in the prior year, the firm posted $0.95 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. sell-side analysts forecast that ExxonMobil will post 4.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Monday, May 14th will be issued a dividend of $0.82 per share. This is a boost from ExxonMobil’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Friday, May 11th. ExxonMobil’s payout ratio is currently 91.36%.

A number of large investors have recently made changes to their positions in the business. Macroview Investment Management LLC acquired a new position in shares of ExxonMobil during the 1st quarter worth about $102,000. Corbyn Investment Management Inc. MD acquired a new position in shares of ExxonMobil during the 1st quarter worth about $110,000. KHP Capital LLC acquired a new position in shares of ExxonMobil during the 1st quarter worth about $111,000. Clearwater Capital Advisors LLC acquired a new position in shares of ExxonMobil during the 1st quarter worth about $122,000. Finally, Litman Gregory Asset Management LLC acquired a new position in shares of ExxonMobil during the 3rd quarter worth about $131,000. 53.25% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil 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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

Analyst Recommendations for ExxonMobil (NYSE:XOM)

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