JPMorgan Chase & Co. reiterated their neutral rating on shares of Exxon Mobil (NYSE:XOM) in a research note released on Tuesday morning.
Several other research analysts also recently commented on the company. Zacks Investment Research upgraded Exxon Mobil from a hold rating to a buy rating and set a $87.00 target price for the company in a research note on Thursday, October 25th. Piper Jaffray Companies reiterated a neutral rating on shares of Exxon Mobil in a research note on Tuesday, October 23rd. Jefferies Financial Group set a $87.00 target price on Exxon Mobil and gave the stock a neutral rating in a research note on Friday, October 19th. Macquarie reiterated a sell rating and set a $70.00 target price on shares of Exxon Mobil in a research note on Friday, October 19th. Finally, Credit Suisse Group set a $80.00 target price on Exxon Mobil and gave the stock a neutral rating in a research note on Friday, October 19th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have given 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 $87.13.
Shares of NYSE XOM opened at $81.95 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Exxon Mobil has a 12 month low of $72.15 and a 12 month high of $89.30. The company has a market cap of $333.83 billion, a PE ratio of 22.83, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87.
Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.24. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The company had revenue of $76.61 billion during the quarter, compared to the consensus estimate of $72.91 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil will post 4.63 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $3.28 annualized dividend and a yield of 4.00%. Exxon Mobil’s payout ratio is currently 91.36%.
In related news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.08% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in XOM. BlackRock Inc. raised its holdings in shares of Exxon Mobil by 1.7% during the 2nd quarter. BlackRock Inc. now owns 265,206,204 shares of the oil and gas company’s stock worth $21,940,509,000 after buying an additional 4,384,093 shares in the last quarter. FMR LLC raised its holdings in shares of Exxon Mobil by 37.8% during the 2nd quarter. FMR LLC now owns 33,955,341 shares of the oil and gas company’s stock worth $2,809,126,000 after buying an additional 9,318,782 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Exxon Mobil by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 31,614,921 shares of the oil and gas company’s stock worth $2,615,349,000 after buying an additional 1,034,904 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Exxon Mobil by 4.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 23,832,973 shares of the oil and gas company’s stock worth $1,778,179,000 after buying an additional 1,116,450 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Exxon Mobil by 43.0% during the 1st quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock worth $1,349,366,000 after buying an additional 5,440,412 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Company Profile
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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