Jefferies Group Analysts Give Exxon Mobil (XOM) a $85.00 Price Target

Jefferies Group set a $85.00 target price on Exxon Mobil (NYSE:XOM) in a report issued on Wednesday. The firm currently has a neutral rating on the oil and gas company’s stock.

A number of other equities analysts also recently commented on the stock. Goldman Sachs Group set a $89.00 price objective on shares of Exxon Mobil and gave the stock a neutral rating in a report on Thursday, December 14th. Zacks Investment Research downgraded shares of Exxon Mobil from a strong-buy rating to a hold rating in a report on Thursday, December 14th. Vetr raised shares of Exxon Mobil from a buy rating to a strong-buy rating and set a $92.90 price objective for the company in a report on Wednesday, December 13th. J P Morgan Chase & Co set a $81.00 target price on Exxon Mobil and gave the company a neutral rating in a research note on Tuesday, December 12th. Finally, Credit Suisse Group assumed coverage on Exxon Mobil in a research note on Monday, December 11th. They issued a neutral rating and a $83.00 target price on the stock. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $86.36.

Exxon Mobil (NYSE XOM) opened at $83.97 on Wednesday. Exxon Mobil has a 1-year low of $76.05 and a 1-year high of $91.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. The company has a market cap of $351,128.97, a P/E ratio of 27.35, a P/E/G ratio of 1.73 and a beta of 0.83.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Friday, November 10th. Exxon Mobil’s dividend payout ratio is presently 100.33%.

In other Exxon Mobil news, VP Bradley W. Corson sold 19,500 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $83.01, for a total value of $1,618,695.00. Following the sale, the vice president now directly owns 229,774 shares in the company, valued at $19,073,539.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.93, for a total value of $470,091.93. Following the completion of the sale, the vice president now owns 187,663 shares in the company, valued at $15,750,555.59. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,357 shares of company stock worth $4,273,910. 0.08% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in XOM. Vanguard Group Inc. increased its stake in Exxon Mobil by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after purchasing an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Exxon Mobil by 136,463.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after purchasing an additional 7,134,305 shares in the last quarter. Stifel Financial Corp increased its stake in Exxon Mobil by 37,429.2% in the 3rd quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock worth $309,285,000 after purchasing an additional 3,764,256 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in Exxon Mobil by 8,029.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after purchasing an additional 3,695,728 shares in the last quarter. Finally, APG Asset Management N.V. increased its stake in Exxon Mobil by 22.6% in the 3rd quarter. APG Asset Management N.V. now owns 13,818,741 shares of the oil and gas company’s stock worth $1,132,860,000 after purchasing an additional 2,546,570 shares in the last quarter. Hedge funds and other institutional investors own 51.05% 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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