Exxon Mobil (XOM) Given a $92.00 Price Target at Societe Generale

Societe Generale set a $92.00 target price on Exxon Mobil (NYSE:XOM) in a report published on Monday morning. The brokerage currently has a buy rating on the oil and gas company’s stock.

Several other research firms also recently weighed in on XOM. Wells Fargo & Co reaffirmed a neutral rating and issued a $88.00 price target on shares of Exxon Mobil in a research note on Wednesday, September 26th. BNP Paribas set a $85.00 price target on shares of Exxon Mobil and gave the company a sell rating in a research note on Thursday, October 4th. Credit Suisse Group reaffirmed a neutral rating and issued a $80.00 price target on shares of Exxon Mobil in a research note on Tuesday, October 2nd. Jefferies Financial Group reaffirmed a neutral rating and issued a $87.00 price target on shares of Exxon Mobil in a research note on Friday, September 28th. Finally, Zacks Investment Research raised shares of Exxon Mobil from a hold rating to a buy rating and set a $96.00 price target for the company in a research note on Monday, October 1st. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Exxon Mobil presently has an average rating of Hold and a consensus target price of $87.08.

XOM opened at $86.13 on Monday. Exxon Mobil has a 1-year low of $72.15 and a 1-year high of $89.30. The company has a quick ratio of 0.51, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $360.27 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 1.48 and a beta of 0.86.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The company had revenue of $73.50 billion during the quarter, compared to the consensus estimate of $71.66 billion. During the same period last year, the firm posted $0.78 earnings per share. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil will post 4.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 13th were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 3.81%. The ex-dividend date was Friday, August 10th. Exxon Mobil’s payout ratio is presently 91.36%.

In other news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the completion of the sale, the vice president now directly owns 214,774 shares of the company’s stock, valued at $18,045,311.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.08% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Macroview Investment Management LLC bought a new stake in Exxon Mobil in the 1st quarter worth about $102,000. Kwmg LLC purchased a new position in Exxon Mobil in the second quarter valued at about $102,000. CSat Investment Advisory L.P. purchased a new position in Exxon Mobil in the second quarter valued at about $108,000. Corbyn Investment Management Inc. MD purchased a new position in Exxon Mobil in the first quarter valued at about $110,000. Finally, KHP Capital LLC purchased a new position in Exxon Mobil in the first quarter valued at about $111,000. 52.48% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Company Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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