Exxon Mobil (NYSE:XOM) had its price target boosted by Wells Fargo & Co from $82.00 to $86.00 in a research report released on Tuesday. Wells Fargo & Co currently has a market perform rating on the oil and gas company’s stock.
Other analysts have also recently issued reports about the company. Societe Generale reaffirmed a buy rating and set a $87.00 price objective on shares of Exxon Mobil in a research report on Tuesday, March 13th. ValuEngine raised Exxon Mobil from a sell rating to a hold rating in a research report on Friday, May 11th. Royal Bank of Canada reaffirmed a buy rating and set a $100.00 price objective on shares of Exxon Mobil in a research report on Wednesday, June 13th. JPMorgan Chase & Co. reaffirmed a neutral rating and set a $83.00 price objective on shares of Exxon Mobil in a research report on Monday, April 9th. Finally, HSBC reaffirmed a buy rating and set a $88.00 price objective on shares of Exxon Mobil in a research report on Monday, May 14th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $86.66.
Exxon Mobil opened at $82.73 on Tuesday, Marketbeat reports. Exxon Mobil has a twelve month low of $72.15 and a twelve month high of $89.30. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 0.11. The company has a market cap of $346.24 billion, a price-to-earnings ratio of 23.04, a P/E/G ratio of 1.08 and a beta of 0.91.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 27th. The oil and gas company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.05). Exxon Mobil had a return on equity of 8.22% and a net margin of 7.72%. The company had revenue of $68.21 billion for the quarter, compared to analyst estimates of $61.49 billion. During the same period in the previous year, the business posted $0.95 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. research analysts forecast that Exxon Mobil will post 4.88 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Monday, May 14th were issued a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, May 11th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a yield of 3.96%. Exxon Mobil’s payout ratio is currently 91.36%.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Exxon Mobil by 1.2% during the first quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock worth $19,459,936,000 after purchasing an additional 2,982,610 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Exxon Mobil by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 55,508,146 shares of the oil and gas company’s stock worth $4,642,701,000 after purchasing an additional 2,474,965 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Exxon Mobil by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock worth $2,281,575,000 after buying an additional 1,200,678 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Exxon Mobil by 4.9% during the first 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, Legal & General Group Plc increased its position in Exxon Mobil by 1.6% during the third quarter. Legal & General Group Plc now owns 23,551,940 shares of the oil and gas company’s stock worth $1,930,784,000 after buying an additional 360,596 shares in the last quarter. 51.86% of the stock is 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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