Goldman Sachs Group set a $89.00 price objective on Exxon Mobil (NYSE:XOM) in a report issued on Thursday morning. The firm currently has a neutral rating on the oil and gas company’s stock.

Other analysts also recently issued research reports about the stock. J P Morgan Chase & Co reissued a neutral rating and set a $80.00 price objective (down previously from $81.00) on shares of Exxon Mobil in a report on Friday, August 18th. Cowen reissued a buy rating and set a $100.00 price objective on shares of Exxon Mobil in a report on Tuesday, September 19th. Zacks Investment Research downgraded shares of Exxon Mobil from a strong-buy rating to a hold rating in a report on Thursday. Vetr raised shares of Exxon Mobil from a hold rating to a buy rating and set a $79.60 price target on the stock in a report on Thursday, August 17th. Finally, Piper Jaffray Companies set a $76.00 price target on shares of Exxon Mobil and gave the company a hold rating in a report on Friday, August 25th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Exxon Mobil has a consensus rating of Hold and an average target price of $86.32.

Exxon Mobil (NYSE:XOM) opened at $83.03 on Thursday. Exxon Mobil has a one year low of $76.05 and a one year high of $91.67. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The stock has a market cap of $351,679.78, a PE ratio of 23.31, a PEG ratio of 1.74 and a beta of 0.83.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The business had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same period in the previous year, the business posted $0.63 earnings per share. research analysts predict that Exxon Mobil will post 3.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Friday, November 10th. Exxon Mobil’s payout ratio is currently 100.33%.

In related news, insider James M. Spellings, Jr. sold 9,379 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $83.37, for a total transaction of $781,927.23. Following the completion of the sale, the insider now directly owns 220,000 shares of the company’s stock, valued at approximately $18,341,400. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Bradley W. Corson sold 19,500 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the sale, the vice president now directly owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock valued at $4,273,910 in the last three months. Company insiders own 0.08% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XOM. Vanguard Group Inc. boosted its stake in Exxon Mobil by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after acquiring an additional 10,366,636 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Exxon Mobil by 136,463.4% in the 2nd 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. Stifel Financial Corp lifted its position in shares of Exxon Mobil by 37,429.2% in the 3rd quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock worth $309,285,000 after buying an additional 3,764,256 shares during the last quarter. Harbour Capital Advisors LLC lifted its position in shares of Exxon Mobil by 8,029.5% in the 2nd 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. Finally, APG Asset Management N.V. lifted its position in shares of Exxon Mobil by 22.6% in the 3rd quarter. APG Asset Management N.V. now owns 13,818,741 shares of the oil and gas company’s stock worth $1,132,860,000 after buying an additional 2,546,570 shares during the last quarter. 51.18% of the stock is owned by institutional investors and hedge funds.

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Exxon Mobil Company Profile

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.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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