Brokerages Set Exxon Mobil Co. (XOM) Target Price at $87.54

Shares of Exxon Mobil Co. (NYSE:XOM) have received a consensus recommendation of “Hold” from the twenty-nine research firms that are currently covering the company. Seven investment analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $88.34.

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Exxon Mobil in a research note on Monday, December 12th. HSBC Holdings plc decreased their target price on Exxon Mobil from $90.00 to $85.00 and set a “hold” rating for the company in a research note on Wednesday, March 8th. They noted that the move was a valuation call. Royal Bank of Canada set a $95.00 target price on Exxon Mobil and gave the company a “buy” rating in a research note on Wednesday, February 1st. Vetr downgraded Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $88.94 target price for the company. in a research note on Monday, February 27th. Finally, Credit Suisse Group AG set a $75.00 target price on Exxon Mobil and gave the company a “sell” rating in a research note on Tuesday, January 24th.

Shares of Exxon Mobil (NYSE:XOM) opened at 82.00 on Thursday. Exxon Mobil has a 12-month low of $80.31 and a 12-month high of $95.55. The firm has a market capitalization of $340.01 billion, a P/E ratio of 43.69 and a beta of 0.91. The stock has a 50 day moving average price of $82.42 and a 200 day moving average price of $85.77.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Tuesday, January 31st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.29. The company had revenue of $61.02 billion for the quarter, compared to the consensus estimate of $62.28 billion. Exxon Mobil had a return on equity of 5.56% and a net margin of 3.47%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS. Equities analysts anticipate that Exxon Mobil will post $4.07 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Thursday, February 9th were issued a $0.75 dividend. The ex-dividend date was Tuesday, February 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.66%. Exxon Mobil’s payout ratio is presently 159.58%.

Institutional investors have recently modified their holdings of the company. Rockland Trust Co. boosted its position in shares of Exxon Mobil by 5.4% in the third quarter. Rockland Trust Co. now owns 127,632 shares of the company’s stock worth $11,140,000 after buying an additional 6,494 shares during the last quarter. Northpointe Capital LLC boosted its position in shares of Exxon Mobil by 4.5% in the third quarter. Northpointe Capital LLC now owns 131,432 shares of the company’s stock worth $11,471,000 after buying an additional 5,689 shares during the last quarter. Kessler Investment Group LLC boosted its position in shares of Exxon Mobil by 7.8% in the third quarter. Kessler Investment Group LLC now owns 33,551 shares of the company’s stock worth $2,928,000 after buying an additional 2,428 shares during the last quarter. Mastrapasqua Asset Management Inc. boosted its position in shares of Exxon Mobil by 6.8% in the third quarter. Mastrapasqua Asset Management Inc. now owns 56,265 shares of the company’s stock worth $4,911,000 after buying an additional 3,594 shares during the last quarter. Finally, Mizuho Trust & Banking Co. Ltd. boosted its position in shares of Exxon Mobil by 1.0% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 6,613,899 shares of the company’s stock worth $577,261,000 after buying an additional 62,325 shares during the last quarter. 51.09% of the stock is owned by institutional investors and hedge funds.

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About Exxon Mobil

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

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