Exxon Mobil Co. (XOM) Receives $87.07 Consensus Price Target from Analysts

Exxon Mobil Co. (NYSE:XOM) has been given a consensus recommendation of “Hold” by the thirty-one research firms that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $87.07.

Several equities analysts have recently weighed in on XOM shares. TheStreet raised shares of Exxon Mobil from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Zacks Investment Research raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Thursday, October 26th. Vetr cut shares of Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $90.47 target price for the company. in a research note on Thursday, November 23rd. Howard Weil raised shares of Exxon Mobil from an “outperform” rating to a “focus list” rating in a research note on Friday, December 22nd. Finally, Jefferies Group set a $84.00 target price on shares of Exxon Mobil and gave the company a “hold” rating in a research note on Thursday, October 19th.

Shares of Exxon Mobil (NYSE:XOM) traded up $0.16 on Friday, hitting $76.46. 16,741,063 shares of the stock traded hands, compared to its average volume of 15,230,000. The company has a market cap of $323,970.00, a PE ratio of 16.51, a P/E/G ratio of 1.03 and a beta of 0.82. Exxon Mobil has a one year low of $73.90 and a one year high of $89.30. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.13.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders 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 dividend on an annualized basis and a yield of 4.03%. Exxon Mobil’s dividend payout ratio (DPR) is 66.52%.

In other news, insider James M. Spellings, Jr. sold 9,379 shares of Exxon Mobil stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total transaction of $781,927.23. Following the completion of the sale, the insider now owns 220,000 shares of the company’s stock, valued at $18,341,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.93, for a total value of $470,091.93. Following the sale, the vice president now directly owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. 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. Company insiders own 0.08% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Exxon Mobil by 3.5% in the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after purchasing an additional 10,366,636 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Exxon Mobil by 4.7% in the fourth quarter. Bank of New York Mellon Corp now owns 55,508,146 shares of the oil and gas company’s stock valued at $4,642,701,000 after purchasing an additional 2,474,965 shares in the last quarter. Geode Capital Management LLC raised its stake in Exxon Mobil by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 44,576,806 shares of the oil and gas company’s stock valued at $3,720,584,000 after purchasing an additional 1,313,432 shares in the last quarter. Capital Research Global Investors raised its stake in Exxon Mobil by 7.0% in the second quarter. Capital Research Global Investors now owns 31,570,269 shares of the oil and gas company’s stock valued at $2,548,668,000 after purchasing an additional 2,058,060 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Exxon Mobil by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 27,892,268 shares of the oil and gas company’s stock valued at $2,286,658,000 after purchasing an additional 1,595,027 shares in the last quarter. 51.29% of the stock is owned by institutional investors.

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About Exxon Mobil

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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