Exxon Mobil Corporation (NYSE:XOM) had its price target trimmed by Royal Bank Of Canada from $90.00 to $85.00 in a report released on Thursday, MarketBeat reports. The brokerage currently has a sector perform rating on the oil and gas company’s stock.
A number of other research firms have also recently weighed in on XOM. Goldman Sachs Group, Inc. (The) set a $86.00 price objective on shares of Exxon Mobil Corporation and gave the company a neutral rating in a research report on Tuesday, November 7th. cut shares of Exxon Mobil Corporation from a hold rating to a reduce rating and decreased their price objective for the company from $83.60 to $77.00 in a research report on Tuesday, November 7th. Wells Fargo & Company set a $84.00 price objective on shares of Exxon Mobil Corporation and gave the company a neutral rating in a research report on Monday, October 30th. TheStreet raised shares of Exxon Mobil Corporation from a c rating to a b- rating in a research report on Friday, October 27th. Finally, Zacks Investment Research raised shares of Exxon Mobil Corporation from a hold rating to a buy rating and set a $93.00 price objective for the company in a research report on Thursday, October 26th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $85.78.
Exxon Mobil Corporation (NYSE XOM) traded down $0.32 during trading hours on Thursday, reaching $80.24. 9,211,520 shares of the company’s stock were exchanged, compared to its average volume of 9,181,450. 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 $339,985.38, a PE ratio of 22.54, a P/E/G ratio of 1.69 and a beta of 0.84. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. Exxon Mobil Corporation had a net margin of 5.14% and a return on equity of 8.21%. During the same period in the prior year, the company posted $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 business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.84%. Exxon Mobil Corporation’s dividend payout ratio is presently 100.33%.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Riggs Asset Managment Co. Inc. increased its stake in shares of Exxon Mobil Corporation by 27.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 292 shares during the period. CWH Capital Management Inc. acquired a new position in shares of Exxon Mobil Corporation during the second quarter valued at approximately $114,000. Horan Securities Inc. increased its stake in shares of Exxon Mobil Corporation by 20.8% during the second quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after acquiring an additional 260 shares during the period. Litman Gregory Asset Management LLC acquired a new position in shares of Exxon Mobil Corporation during the third quarter valued at approximately $131,000. Finally, Watermark Asset Management Inc. acquired a new position in shares of Exxon Mobil Corporation during the first quarter valued at approximately $136,000. Institutional investors and hedge funds 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.
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