Exxon Mobil (XOM) Given a $83.00 Price Target at UBS

UBS set a $83.00 price target on Exxon Mobil (NYSE:XOM) in a report released on Monday. The brokerage currently has a neutral rating on the oil and gas company’s stock.

XOM has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Exxon Mobil from a sell rating to a hold rating in a research note on Monday, August 7th. Vetr lowered shares of Exxon Mobil from a buy rating to a hold rating and set a $85.17 target price on the stock. in a research note on Friday, October 6th. Royal Bank Of Canada restated a sector perform rating on shares of Exxon Mobil in a research note on Friday, November 24th. Barclays restated an overweight rating and issued a $94.00 target price (up previously from $91.00) on shares of Exxon Mobil in a research note on Friday, October 13th. Finally, Morgan Stanley restated an underperform rating on shares of Exxon Mobil in a research note on Thursday, October 19th. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Exxon Mobil has a consensus rating of Hold and a consensus target price of $86.14.

Exxon Mobil (NYSE XOM) traded up $0.11 during trading hours on Monday, reaching $83.57. 12,597,700 shares of the company’s stock were exchanged, compared to its average volume of 10,964,545. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13. The stock has a market cap of $353,628.84, a PE ratio of 23.44, a P/E/G ratio of 1.75 and a beta of 0.83. Exxon Mobil has a one year low of $76.05 and a one year high of $93.22.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $66.17 billion during the quarter, compared to analysts’ expectations of $63.51 billion. Exxon Mobil had a net margin of 5.14% and a return on equity of 8.21%. During the same period in the prior year, the company posted $0.63 EPS. analysts predict that Exxon Mobil will post 3.65 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 13th will be paid a $0.77 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.69%. Exxon Mobil’s payout ratio is currently 100.33%.

In other Exxon Mobil news, VP Robert N. Schleckser sold 4,877 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.37, for a total value of $406,595.49. Following the sale, the vice president now owns 187,663 shares in the company, valued at $15,645,464.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert Stuart Franklin sold 22,656 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the completion of the sale, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. Insiders sold 33,134 shares of company stock worth $2,683,730 in the last 90 days. 0.08% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in XOM. Stonebridge Capital Management Inc. boosted its holdings in Exxon Mobil by 4.5% during the first quarter. Stonebridge Capital Management Inc. now owns 108,534 shares of the oil and gas company’s stock worth $8,901,000 after buying an additional 4,648 shares in the last quarter. Hennessy Advisors Inc. boosted its holdings in Exxon Mobil by 28.0% during the first quarter. Hennessy Advisors Inc. now owns 138,160 shares of the oil and gas company’s stock worth $11,331,000 after buying an additional 30,260 shares in the last quarter. Wedgewood Investors Inc. PA boosted its holdings in Exxon Mobil by 0.4% during the first quarter. Wedgewood Investors Inc. PA now owns 24,147 shares of the oil and gas company’s stock worth $1,980,000 after buying an additional 100 shares in the last quarter. Robinson Value Management Ltd. boosted its holdings in Exxon Mobil by 1.2% during the first quarter. Robinson Value Management Ltd. now owns 18,783 shares of the oil and gas company’s stock worth $1,540,000 after buying an additional 231 shares in the last quarter. Finally, Bank of Stockton boosted its holdings in Exxon Mobil by 2.7% during the first quarter. Bank of Stockton now owns 11,445 shares of the oil and gas company’s stock worth $938,000 after buying an additional 299 shares in the last quarter. Institutional investors own 51.18% of the company’s stock.

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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.

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