UBS Analysts Give Exxon Mobil (XOM) a $83.00 Price Target
UBS set a $83.00 price objective on Exxon Mobil (NYSE:XOM) in a research note issued to investors on Monday morning, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the oil and gas company’s stock.
XOM has been the subject of a number of other research reports. Zacks Investment Research upgraded Exxon Mobil from a sell rating to a hold rating in a report on Monday, August 7th. Vetr cut Exxon Mobil from a buy rating to a hold rating and set a $85.17 price target for the company. in a report on Friday, October 6th. Royal Bank Of Canada restated a sector perform rating on shares of Exxon Mobil in a report on Friday, November 24th. Barclays restated an overweight rating and issued a $94.00 price target (up previously from $91.00) on shares of Exxon Mobil in a report on Friday, October 13th. Finally, Morgan Stanley restated an underperform rating on shares of Exxon Mobil in a report on Thursday, October 19th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Exxon Mobil has a consensus rating of Hold and an average price target of $86.14.
Shares of Exxon Mobil (XOM) opened at $82.28 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. Exxon Mobil has a fifty-two week low of $76.05 and a fifty-two week high of $93.22. The stock has a market capitalization of $354,094.94, a PE ratio of 23.48, a PEG ratio of 1.75 and a beta of 0.83.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The business had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. During the same quarter in the previous year, the business earned $0.63 EPS. research analysts expect that Exxon Mobil will post 3.65 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil’s dividend payout ratio is presently 100.33%.
In other Exxon Mobil news, insider James M. Spellings, Jr. sold 9,379 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total value of $781,927.23. Following the sale, the insider now directly owns 220,000 shares of the company’s stock, valued at $18,341,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $79.76, for a total value of $1,807,042.56. Following the completion of the sale, the vice president now directly owns 231,572 shares in the company, valued at $18,470,182.72. The disclosure for this sale can be found here. Insiders sold 42,513 shares of company stock worth $3,465,657 over the last ninety days. 0.08% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of XOM. State Street Corp grew its stake in shares of Exxon Mobil 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 purchasing an additional 15,740,895 shares in the last quarter. Vanguard Group Inc. boosted its stake in Exxon Mobil by 3.5% during the second 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 buying an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Exxon Mobil by 136,463.4% during the second quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock valued at $576,374,000 after buying an additional 7,134,305 shares in the last quarter. Stifel Financial Corp boosted its stake in Exxon Mobil by 37,429.2% during the third quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock valued at $309,285,000 after buying an additional 3,764,256 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in Exxon Mobil by 8,029.5% during the second quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock valued at $46,349,000 after buying an additional 3,695,728 shares in the last quarter. 51.18% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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