HSBC restated their buy rating on shares of Exxon Mobil (NYSE:XOM) in a research note issued to investors on Tuesday. HSBC currently has a $95.00 price target on the oil and gas company’s stock.
A number of other research firms also recently commented on XOM. Societe Generale set a $92.00 target price on Exxon Mobil and gave the stock a buy rating in a report on Wednesday, September 26th. Wells Fargo & Co reaffirmed a neutral rating and set a $88.00 target price on shares of Exxon Mobil in a report on Wednesday, September 26th. BNP Paribas set a $85.00 target price on Exxon Mobil and gave the stock a sell rating in a report on Thursday, October 4th. Credit Suisse Group reaffirmed a neutral rating and set a $80.00 target price on shares of Exxon Mobil in a report on Tuesday, October 2nd. Finally, Jefferies Financial Group reaffirmed a neutral rating and set a $87.00 target price on shares of Exxon Mobil in a report on Friday, September 28th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $87.27.
NYSE:XOM opened at $80.87 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81. Exxon Mobil has a 52 week low of $72.15 and a 52 week high of $89.30. The company has a market cap of $347.43 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 1.32 and a beta of 0.86.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, November 2nd. The oil and gas company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.25. Exxon Mobil had a return on equity of 9.56% and a net margin of 8.15%. The company had revenue of $76.61 billion for the quarter, compared to the consensus estimate of $72.91 billion. During the same quarter last year, the business posted $0.93 EPS. Exxon Mobil’s quarterly revenue was up 25.4% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil will post 4.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 4.06%. The ex-dividend date is Friday, November 9th. Exxon Mobil’s payout ratio is currently 91.36%.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of Exxon Mobil stock in a transaction 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 sale, the vice president now owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in XOM. FMR LLC raised its stake in 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 valued at $2,809,126,000 after acquiring an additional 9,318,782 shares in the last quarter. First Eagle Investment Management LLC raised its stake in 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 valued at $1,349,366,000 after acquiring an additional 5,440,412 shares in the last quarter. Charles Schwab Investment Advisory Inc. bought a new stake in Exxon Mobil during the 2nd quarter valued at $394,412,000. Standard Life Aberdeen plc raised its stake in Exxon Mobil by 145.3% during the 2nd quarter. Standard Life Aberdeen plc now owns 7,858,127 shares of the oil and gas company’s stock valued at $650,889,000 after acquiring an additional 4,654,288 shares in the last quarter. Finally, BlackRock Inc. raised its stake in 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 valued at $21,940,509,000 after acquiring an additional 4,384,093 shares in the last quarter. 52.43% of the stock is currently owned by hedge funds and other institutional investors.
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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