Exxon Mobil (XOM) Given a $84.00 Price Target at Barclays

Barclays set a $84.00 target price on Exxon Mobil (NYSE:XOM) in a research note published on Tuesday morning. The firm currently has a sell rating on the oil and gas company’s stock.

Several other equities research analysts also recently weighed in on XOM. Howard Weil upgraded Exxon Mobil from an outperform rating to a focus list rating in a report on Friday, December 22nd. Goldman Sachs Group set a $92.00 price target on Exxon Mobil and gave the stock a neutral rating in a report on Monday, January 22nd. Zacks Investment Research upgraded Exxon Mobil from a hold rating to a buy rating and set a $98.00 price target on the stock in a report on Saturday, January 13th. Vetr upgraded Exxon Mobil from a buy rating to a strong-buy rating and set a $92.50 price target on the stock in a report on Thursday, December 7th. Finally, Jefferies Group set a $90.00 price target on Exxon Mobil and gave the stock a neutral rating in a report on Friday, January 19th. Seven investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $87.02.

Shares of Exxon Mobil (NYSE:XOM) opened at $75.75 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $320,960.00, a price-to-earnings ratio of 16.36, a P/E/G ratio of 1.03 and a beta of 0.82. Exxon Mobil has a 1-year low of $73.90 and a 1-year high of $89.30.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.18). The firm had revenue of $66.52 billion during the quarter, compared to analysts’ expectations of $74.41 billion. Exxon Mobil had a net margin of 7.61% and a return on equity of 8.09%. Exxon Mobil’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. research analysts forecast that Exxon Mobil will post 4.85 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $3.08 annualized dividend and a dividend yield of 4.07%. Exxon Mobil’s dividend payout ratio is currently 66.52%.

In related news, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction dated 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 sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Bradley W. Corson sold 19,500 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the completion of 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. Over the last ninety days, insiders have sold 51,357 shares of company stock valued at $4,273,910. Insiders own 0.08% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Shell Asset Management Co. lifted its position in Exxon Mobil by 31.9% during the 3rd quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock worth $100,269,000 after acquiring an additional 257,727 shares during the period. Compass Capital Management Inc. lifted its position in Exxon Mobil by 1.5% during the 2nd quarter. Compass Capital Management Inc. now owns 13,272 shares of the oil and gas company’s stock worth $1,071,000 after acquiring an additional 199 shares during the period. Mizuho Securities USA LLC acquired a new stake in Exxon Mobil during the 3rd quarter worth approximately $1,255,000. Rockefeller Financial Services Inc. lifted its position in Exxon Mobil by 15.5% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 933,294 shares of the oil and gas company’s stock worth $76,511,000 after acquiring an additional 125,501 shares during the period. Finally, West Coast Financial LLC lifted its position in Exxon Mobil by 37.0% during the 3rd quarter. West Coast Financial LLC now owns 67,185 shares of the oil and gas company’s stock worth $5,508,000 after acquiring an additional 18,133 shares during the period. 51.65% of the stock is 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.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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