Morgan Stanley Analysts Give Exxon Mobil (NYSE:XOM) a $84.00 Price Target

Morgan Stanley set a $84.00 price objective on Exxon Mobil (NYSE:XOM) in a research report released on Monday, Stock Target Advisor reports. The firm currently has a hold rating on the oil and gas company’s stock.

Other research analysts also recently issued reports about the company. Royal Bank of Canada reiterated a buy rating and set a $100.00 price objective on shares of Exxon Mobil in a report on Thursday, April 25th. Bank of America set a $105.00 price target on Exxon Mobil and gave the company a buy rating in a research note on Thursday, March 7th. Wells Fargo & Co set a $76.00 price target on Exxon Mobil and gave the company a hold rating in a research note on Friday, March 8th. Mizuho set a $84.00 price target on Exxon Mobil and gave the company a hold rating in a research note on Thursday, March 7th. Finally, Berenberg Bank restated a hold rating and issued a $76.00 price target on shares of Exxon Mobil in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Exxon Mobil currently has an average rating of Hold and a consensus target price of $84.76.

NYSE:XOM opened at $75.82 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.50 and a current ratio of 0.77. The company has a market capitalization of $323.59 billion, a P/E ratio of 15.38, a PEG ratio of 1.75 and a beta of 0.95. Exxon Mobil has a 52-week low of $64.65 and a 52-week high of $87.36. The stock’s 50-day moving average price is $74.89.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.20). The firm had revenue of $63.63 billion for the quarter, compared to the consensus estimate of $67.35 billion. Exxon Mobil had a return on equity of 9.63% and a net margin of 6.49%. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. On average, research analysts anticipate that Exxon Mobil will post 3.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, May 13th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 4.59%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Friday, May 10th. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

In other news, VP Bryan W. Milton sold 6,033 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Following the completion of the sale, the vice president now directly owns 219,423 shares of the company’s stock, valued at $16,750,751.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.05% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in XOM. Massey Quick Simon & CO. LLC lifted its position in shares of Exxon Mobil by 625.3% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 469 shares during the last quarter. INR Advisory Services LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $43,000. Interactive Financial Advisors acquired a new stake in shares of Exxon Mobil in the first quarter valued at approximately $65,000. Thor Advisors LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at approximately $69,000. Finally, Cerebellum GP LLC lifted its position in shares of Exxon Mobil by 3,424.1% in the fourth quarter. Cerebellum GP LLC now owns 1,022 shares of the oil and gas company’s stock valued at $70,000 after buying an additional 993 shares during the last quarter. 54.55% of the stock is owned by institutional investors.

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 is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Further Reading: Preferred Stock

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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