Exxon Mobil Corp. (NYSE:XOM) has been assigned a $85.00 price target by analysts at HSBC in a research note issued to investors on Tuesday. The brokerage currently has a “neutral” rating on the stock. HSBC’s price objective indicates a potential downside of 2.43% from the company’s current price.
A number of other brokerages have also commented on XOM. Goldman Sachs Group Inc. lowered Exxon Mobil Corp. from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $98.00 to $93.00 in a report on Monday, October 31st. Vetr raised Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $90.31 price objective on the stock in a report on Tuesday, September 13th. Bank of America Corp. set a $100.00 price objective on Exxon Mobil Corp. and gave the company a “hold” rating in a report on Monday, October 10th. Morningstar Inc. restated a “neutral” rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 30th. Finally, JPMorgan Chase & Co. set a $95.00 target price on Exxon Mobil Corp. and gave the company a “neutral” rating in a research note on Monday, July 11th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $87.62.
Shares of Exxon Mobil Corp. (NYSE:XOM) opened at 87.12 on Tuesday. The stock has a 50 day moving average price of $86.08 and a 200-day moving average price of $88.38. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55. The company has a market capitalization of $361.26 billion, a P/E ratio of 40.79 and a beta of 0.86.
Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The business had revenue of $58.68 billion for the quarter, compared to analyst estimates of $61.34 billion. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The firm’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 EPS. Equities research analysts predict that Exxon Mobil Corp. will post $2.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, November 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.44%. Exxon Mobil Corp.’s dividend payout ratio (DPR) is presently 140.19%.
In other Exxon Mobil Corp. news, VP Neil A. Chapman sold 16,000 shares of Exxon Mobil Corp. stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the transaction, the vice president now directly owns 222,299 shares in the company, valued at $19,340,013. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. raised its position in Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock valued at $104,000 after buying an additional 691 shares in the last quarter. Equitec Proprietary Markets LLC acquired a new position in Exxon Mobil Corp. during the third quarter valued at $107,000. Tuttle Tactical Management LLC acquired a new position in Exxon Mobil Corp. during the second quarter valued at $125,000. Horan Securities Inc. acquired a new position in Exxon Mobil Corp. during the third quarter valued at $137,000. Finally, NewSquare Capital LLC raised its position in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock valued at $150,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 50.32% of the company’s stock.
Exxon Mobil Corp. Company Profile