Exxon Mobil (NYSE:XOM) Lifted to Outperform at Credit Suisse Group

Credit Suisse Group upgraded shares of Exxon Mobil (NYSE:XOMGet Rating) from a neutral rating to an outperform rating in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm currently has $125.00 target price on the oil and gas company’s stock, up from their previous target price of $115.00.

XOM has been the subject of several other research reports. The Goldman Sachs Group raised their price objective on Exxon Mobil from $104.00 to $117.00 and gave the company a buy rating in a report on Wednesday, June 8th. BMO Capital Markets raised their price objective on Exxon Mobil from $73.00 to $86.00 and gave the company a hold rating in a report on Thursday, March 3rd. StockNews.com cut Exxon Mobil from a buy rating to a hold rating in a report on Monday, May 2nd. MKM Partners raised their price objective on Exxon Mobil from $81.00 to $84.00 and gave the company a buy rating in a report on Monday, March 7th. Finally, Cowen raised their price objective on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of Hold and a consensus price target of $89.24.

XOM stock opened at $85.21 on Tuesday. The stock has a 50-day moving average price of $91.48 and a two-hundred day moving average price of $80.80. The stock has a market cap of $358.95 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 0.37 and a beta of 1.05. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. Exxon Mobil has a 1 year low of $52.10 and a 1 year high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last released its earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The firm had revenue of $90.50 billion for the quarter, compared to the consensus estimate of $83.57 billion. Exxon Mobil had a return on equity of 16.97% and a net margin of 8.14%. Exxon Mobil’s revenue for the quarter was up 53.0% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS. On average, analysts forecast that Exxon Mobil will post 10.26 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Friday, May 13th were paid a $0.88 dividend. The ex-dividend date was Thursday, May 12th. This represents a $3.52 annualized dividend and a dividend yield of 4.13%. Exxon Mobil’s dividend payout ratio is 58.37%.

In related news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the transaction, the vice president now owns 30,363 shares in the company, valued at $3,121,620.03. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the transaction, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in XOM. Vanguard Group Inc. grew its position in Exxon Mobil by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock worth $30,098,496,000 after purchasing an additional 8,825,023 shares in the last quarter. State Street Corp grew its position in Exxon Mobil by 0.4% in the 4th quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock worth $15,494,002,000 after purchasing an additional 1,128,974 shares in the last quarter. Geode Capital Management LLC grew its position in Exxon Mobil by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock worth $4,322,078,000 after purchasing an additional 3,441,825 shares in the last quarter. Norges Bank bought a new stake in Exxon Mobil in the 4th quarter worth about $3,184,424,000. Finally, GQG Partners LLC grew its position in shares of Exxon Mobil by 59.9% during the 1st quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock valued at $4,277,527,000 after acquiring an additional 19,403,556 shares during the period. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Exxon Mobil Company Profile (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

See Also

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.