Piper Jaffray Companies reiterated their hold rating on shares of Exxon Mobil (NYSE:XOM) in a research report sent to investors on Friday morning. They currently have a $82.00 target price on the oil and gas company’s stock.
XOM has been the topic of several other research reports. Wells Fargo & Co set a $88.00 price objective on shares of Exxon Mobil and gave the stock a neutral rating in a research note on Thursday, January 11th. Zacks Investment Research raised shares of Exxon Mobil from a hold rating to a buy rating and set a $98.00 price objective on the stock in a research note on Saturday, January 13th. Vetr raised shares of Exxon Mobil from a buy rating to a strong-buy rating and set a $93.75 price objective on the stock in a research note on Tuesday, November 28th. Royal Bank of Canada reissued a sector perform rating on shares of Exxon Mobil in a research note on Friday, November 24th. Finally, lowered shares of Exxon Mobil from a hold rating to a reduce rating and dropped their price objective for the stock from $83.60 to $77.00 in a research note on Tuesday, November 7th. Seven analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $86.98.
Shares of Exxon Mobil (NYSE XOM) opened at $77.53 on Friday. The firm has a market cap of $328,500.00, a PE ratio of 24.00, a PEG ratio of 1.05 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. Exxon Mobil has a 52 week low of $73.90 and a 52 week high of $89.30.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Monday, February 12th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, February 9th. This represents a $3.08 annualized dividend and a yield of 3.97%. Exxon Mobil’s dividend payout ratio (DPR) is presently 95.36%.
In other news, VP Bradley W. Corson sold 19,500 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $83.01, for a total transaction of $1,618,695.00. Following the completion of the transaction, the vice president now directly owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert N. Schleckser sold 4,877 shares of the business’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 transaction of $406,595.49. Following the transaction, the vice president now directly owns 187,663 shares of the company’s stock, valued at $15,645,464.31. The disclosure for this sale can be found here. Insiders sold 51,357 shares of company stock valued at $4,273,910 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWH Capital Management Inc. bought a new stake in Exxon Mobil during the second quarter valued at approximately $114,000. Litman Gregory Asset Management LLC bought a new stake in Exxon Mobil during the third quarter valued at approximately $131,000. Ford Financial Group Inc. bought a new stake in Exxon Mobil during the fourth quarter valued at approximately $137,000. Acrospire Investment Management LLC grew its position in Exxon Mobil by 172.7% during the second quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock valued at $140,000 after buying an additional 1,100 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in Exxon Mobil by 2.7% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the oil and gas company’s stock valued at $153,000 after buying an additional 50 shares during the period. 51.65% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Company Profile
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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