Exxon Mobil (XOM) PT Set at $83.00 by UBS

Exxon Mobil (NYSE:XOM) has been assigned a $83.00 price objective by research analysts at UBS in a report released on Monday. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. UBS’s target price points to a potential upside of 0.13% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. J P Morgan Chase & Co reissued a “neutral” rating and set a $80.00 target price (down from $81.00) on shares of Exxon Mobil in a research report on Friday, August 18th. Cowen reissued a “buy” rating and set a $100.00 target price on shares of Exxon Mobil in a research report on Tuesday, September 19th. Piper Jaffray Companies set a $76.00 target price on shares of Exxon Mobil and gave the stock a “hold” rating in a research report on Friday, August 25th. Vetr raised shares of Exxon Mobil from a “hold” rating to a “buy” rating and set a $79.60 target price on the stock in a research report on Thursday, August 17th. Finally, Goldman Sachs Group set a $85.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Tuesday, October 3rd. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $86.14.

Shares of Exxon Mobil (XOM) opened at $82.89 on Monday. 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 $76.05 and a 52 week high of $93.22. The stock has a market cap of $353,628.84, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 1.75 and a beta of 0.83.

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

In other news, VP Robert N. Schleckser sold 5,601 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $83.93, for a total transaction of $470,091.93. Following the completion of the transaction, the vice president now owns 187,663 shares in the company, valued at $15,750,555.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert Stuart Franklin sold 22,656 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. Insiders have sold 33,134 shares of company stock valued at $2,683,730 in the last 90 days. Insiders own 0.08% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWH Capital Management Inc. acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $114,000. Horan Securities Inc. lifted its holdings in Exxon Mobil by 20.8% in the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after acquiring an additional 260 shares during the last quarter. Litman Gregory Asset Management LLC acquired a new stake in Exxon Mobil in the 3rd quarter valued at about $131,000. Watermark Asset Management Inc. purchased a new stake in Exxon Mobil during the first quarter valued at about $136,000. Finally, Acrospire Investment Management LLC lifted its stake 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 in the last quarter. Hedge funds and other 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.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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