Exxon Mobil Price Target Increased to $114.00 by Analysts at Argus (XOM)
Research analysts at Argus raised their price objective on shares of Exxon Mobil (NYSE:XOM) from $104.00 to $114.00 in a report released on Thursday, ARN reports. The firm currently has a “buy” rating on the stock. Argus’ target price would indicate a potential upside of 10.56% from the company’s current price.
In other Exxon Mobil news, VP William Colton sold 16,240 shares of the stock on the open market in a transaction dated Friday, May 2nd. The shares were sold at an average price of $102.27, for a total transaction of $1,660,864.80. Following the completion of the transaction, the vice president now directly owns 170,418 shares of the company’s stock, valued at approximately $17,428,649. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Bank of America reiterated a “buy” rating on shares of Exxon Mobil in a research note on Friday, May 2nd. They now have a $114.00 price target on the stock, up previously from $110.00. Separately, analysts at Jefferies Group initiated coverage on shares of Exxon Mobil in a research note on Tuesday, April 8th. They set a “hold” rating and a $96.00 price target on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Exxon Mobil in a research note on Thursday, April 3rd. They set an “underperform” rating and a $85.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $102.54.
Shares of Exxon Mobil (NYSE:XOM) traded down 0.48% on Thursday, hitting $102.61. The stock had a trading volume of 3,190,194 shares. Exxon Mobil has a 52-week low of $84.79 and a 52-week high of $103.45. The stock has a 50-day moving average of $98.59 and a 200-day moving average of $95.72. The company has a market cap of $440.6 billion and a price-to-earnings ratio of 14.06.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Thursday, May 1st. The company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.22. The company had revenue of $106.77 billion for the quarter, compared to the consensus estimate of $109.76 million. During the same quarter in the previous year, the company posted $2.12 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts expect that Exxon Mobil will post $7.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Shareholders of record on Tuesday, May 13th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Friday, May 9th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.63.
Exxon Mobil Corporation is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products.
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