BNP Paribas Reiterates $75.00 Price Target for Exxon Mobil Corporation (XOM)

BNP Paribas set a $75.00 price objective on Exxon Mobil Corporation (NYSE:XOM) in a research report released on Wednesday. The firm currently has a sell rating on the oil and gas company’s stock.

A number of other equities analysts have also recently issued reports on the company. The Goldman Sachs Group, Inc. set a $86.00 target price on Exxon Mobil Corporation and gave the stock a neutral rating in a report on Tuesday, November 7th. cut Exxon Mobil Corporation from a hold rating to a reduce rating and lowered their target price for the stock from $83.60 to $77.00 in a report on Tuesday, November 7th. TheStreet raised Exxon Mobil Corporation from a c rating to a b- rating in a report on Friday, October 27th. Wells Fargo & Company set a $84.00 target price on Exxon Mobil Corporation and gave the stock a neutral rating in a report on Monday, October 30th. Finally, Zacks Investment Research raised Exxon Mobil Corporation from a hold rating to a buy rating and set a $93.00 target price for the company in a report on Thursday, October 26th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $85.78.

Shares of Exxon Mobil Corporation (NYSE XOM) opened at $80.24 on Wednesday. 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 Corporation has a 1 year low of $76.05 and a 1 year high of $93.22. The firm has a market capitalization of $341,340.00, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.74 and a beta of 0.83.

Exxon Mobil Corporation (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 analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil Corporation 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 prior year, the firm earned $0.63 EPS. analysts predict that Exxon Mobil Corporation will post 3.62 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be issued a $0.77 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.08 annualized dividend and a yield of 3.84%. Exxon Mobil Corporation’s payout ratio is currently 100.33%.

In other Exxon Mobil Corporation news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 231,572 shares in the company, valued at $18,470,182.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of XOM. State Street Corp lifted its holdings in shares of Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after purchasing an additional 15,740,895 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Exxon Mobil Corporation by 3.5% in 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 purchasing an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Exxon Mobil Corporation by 136,463.4% in 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 purchasing an additional 7,134,305 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Exxon Mobil Corporation by 37,429.2% in 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 purchasing an additional 3,764,256 shares in the last quarter. Finally, Harbour Capital Advisors LLC lifted its holdings in shares of Exxon Mobil Corporation by 8,029.5% in 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 purchasing an additional 3,695,728 shares in the last quarter. Institutional investors own 50.84% of the company’s stock.

Exxon Mobil Corporation 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 Corporation (NYSE:XOM)

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