Jefferies Financial Group Analysts Give Exxon Mobil (XOM) a $87.00 Price Target

Jefferies Financial Group set a $87.00 price objective on Exxon Mobil (NYSE:XOM) in a research note issued to investors on Friday morning. The brokerage currently has a neutral rating on the oil and gas company’s stock.

A number of other equities analysts have also weighed in on the stock. UBS Group set a $87.00 price objective on shares of Exxon Mobil and gave the company a hold rating in a research report on Friday. HSBC reiterated a buy rating and issued a $96.00 price objective on shares of Exxon Mobil in a research report on Wednesday, September 12th. Barclays reiterated a sell rating and issued a $87.00 price objective on shares of Exxon Mobil in a research report on Tuesday, September 11th. JPMorgan Chase & Co. reiterated a neutral rating and issued a $93.00 price objective on shares of Exxon Mobil in a research report on Tuesday, September 11th. Finally, Berenberg Bank assumed coverage on shares of Exxon Mobil in a research report on Tuesday, September 11th. They issued a hold rating and a $84.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $87.66.

NYSE:XOM opened at $82.92 on Friday. Exxon Mobil has a 1-year low of $72.15 and a 1-year high of $89.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81. The firm has a market capitalization of $352.26 billion, a P/E ratio of 23.10, a PEG ratio of 1.39 and a beta of 0.86.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The firm had revenue of $73.50 billion during the quarter, compared to analysts’ expectations of $71.66 billion. During the same quarter last year, the business earned $0.78 earnings per share. The business’s quarterly revenue was up 26.6% on a year-over-year basis. analysts forecast that Exxon Mobil will post 4.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 13th were paid a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, August 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 3.96%. Exxon Mobil’s dividend payout ratio (DPR) is currently 91.36%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Grassi Investment Management grew its position in Exxon Mobil by 0.6% during the second quarter. Grassi Investment Management now owns 93,600 shares of the oil and gas company’s stock worth $7,744,000 after buying an additional 600 shares in the last quarter. Dividend Assets Capital LLC grew its position in Exxon Mobil by 1.8% during the second quarter. Dividend Assets Capital LLC now owns 35,740 shares of the oil and gas company’s stock worth $2,957,000 after buying an additional 645 shares in the last quarter. Outfitter Advisors LTD. grew its position in Exxon Mobil by 1.4% during the second quarter. Outfitter Advisors LTD. now owns 47,613 shares of the oil and gas company’s stock worth $3,939,000 after buying an additional 650 shares in the last quarter. X Square Capital LLC grew its position in Exxon Mobil by 16.8% during the first quarter. X Square Capital LLC now owns 4,544 shares of the oil and gas company’s stock worth $339,000 after buying an additional 653 shares in the last quarter. Finally, Cue Financial Group Inc. grew its position in Exxon Mobil by 4.8% during the second quarter. Cue Financial Group Inc. now owns 14,267 shares of the oil and gas company’s stock worth $1,180,000 after buying an additional 657 shares in the last quarter. Institutional investors own 52.60% of the company’s stock.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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