Exxon Mobil (NYSE:XOM) Price Target Lowered to $85.00 at Royal Bank Of Canada

Exxon Mobil (NYSE:XOM) had its price target trimmed by Royal Bank Of Canada from $90.00 to $85.00 in a report issued on Thursday, November 16th, Marketbeat reports. The firm currently has a sector perform rating on the oil and gas company’s stock.

XOM has been the topic of a number of other research reports. Zacks Investment Research raised Exxon Mobil from a sell rating to a hold rating in a report on Monday, August 7th. Vetr downgraded Exxon Mobil from a buy rating to a hold rating and set a $85.17 target price on the stock. in a report on Friday, October 6th. Barclays reissued 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. Morgan Stanley reissued an underperform rating on shares of Exxon Mobil in a report on Thursday, October 19th. Finally, BNP Paribas set a $70.00 price target on Exxon Mobil and gave the stock a sell rating in a report on Monday, September 25th. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $86.14.

Shares of Exxon Mobil (XOM) opened at $83.57 on Thursday. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. Exxon Mobil has a 12 month low of $76.05 and a 12 month high of $93.22. The stock has a market capitalization of $354,090.00, a PE ratio of 23.44, a PEG ratio of 1.75 and a beta of 0.82.

Exxon Mobil (NYSE:XOM) last issued 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. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The firm had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. During the same quarter last year, the firm earned $0.63 EPS. analysts expect that Exxon Mobil will post 3.65 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, November 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 100.33%.

In related news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil 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 transaction, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.93, for a total value of $470,091.93. Following the completion of the transaction, the vice president now owns 187,663 shares in the company, valued at $15,750,555.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,134 shares of company stock worth $2,683,730. 0.08% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of XOM. Asset Management Advisors LLC boosted its position in Exxon Mobil by 0.3% during the second quarter. Asset Management Advisors LLC now owns 2,515 shares of the oil and gas company’s stock valued at $203,000 after purchasing an additional 7 shares during the last quarter. Horizon Investment Services LLC boosted its position in Exxon Mobil by 0.4% during the first quarter. Horizon Investment Services LLC now owns 4,787 shares of the oil and gas company’s stock valued at $393,000 after purchasing an additional 20 shares during the last quarter. Jag Capital Management LLC boosted its position in Exxon Mobil by 0.5% during the second quarter. Jag Capital Management LLC now owns 5,635 shares of the oil and gas company’s stock valued at $455,000 after purchasing an additional 26 shares during the last quarter. C M Bidwell & Associates Ltd. boosted its position in Exxon Mobil by 1.3% during the second quarter. C M Bidwell & Associates Ltd. now owns 2,430 shares of the oil and gas company’s stock valued at $196,000 after purchasing an additional 30 shares during the last quarter. Finally, Lehman Financial Resources Inc. boosted its position in Exxon Mobil by 0.5% during the second quarter. Lehman Financial Resources Inc. now owns 7,176 shares of the oil and gas company’s stock valued at $579,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.

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About Exxon Mobil

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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