Exxon Mobil (NYSE: XOM) has recently received a number of price target changes and ratings updates:

  • 12/14/2017 – Exxon Mobil was given a new $89.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “neutral” rating on the stock.
  • 12/14/2017 – Exxon Mobil was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “ExxonMobil has a leading position in the energy industry owing to the size and diversity of its asset base, both in terms of business mix and geographical footprint.  With a stable cash position, the company’s balance sheet is one of the best in the industry, reflecting declining debt load over the first nine months of 2017. We appreciate ExxonMobil’s plans to combine its refining & marketing businesses as this will allow the company to take better decisions and boost performance. ExxonMobil will generate more cashflow from downstream activities, also helping it counter the volatility in its upstream business. However, dependence on costly offshore drilling might dent ExxonMobil’s cashflow. Also, ExxonMobil has lost 7.9% of its value year to date versus the 1.9% growth of smaller rival Chevron.”
  • 12/13/2017 – Exxon Mobil was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $92.90 price target on the stock.
  • 12/12/2017 – Exxon Mobil was given a new $81.00 price target on by analysts at J P Morgan Chase & Co. They now have a “neutral” rating on the stock.
  • 12/11/2017 – Exxon Mobil is now covered by analysts at Credit Suisse Group AG. They set a “neutral” rating and a $83.00 price target on the stock.
  • 12/7/2017 – Exxon Mobil was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $92.50 price target on the stock.
  • 12/4/2017 – Exxon Mobil was given a new $83.00 price target on by analysts at UBS AG. They now have a “neutral” rating on the stock.
  • 12/1/2017 – Exxon Mobil was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $92.50 price target on the stock.
  • 11/28/2017 – Exxon Mobil was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $93.75 price target on the stock.
  • 11/24/2017 – Exxon Mobil had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada.
  • 11/23/2017 – Exxon Mobil was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $90.47 price target on the stock.
  • 11/17/2017 – Exxon Mobil was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $90.47 price target on the stock.
  • 11/16/2017 – Exxon Mobil had its price target lowered by analysts at Royal Bank of Canada from $90.00 to $85.00. They now have a “sector perform” rating on the stock.
  • 11/15/2017 – Exxon Mobil was given a new $75.00 price target on by analysts at BNP Paribas. They now have a “sell” rating on the stock.
  • 11/7/2017 – Exxon Mobil was given a new $86.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “neutral” rating on the stock.
  • 11/7/2017 – Exxon Mobil was downgraded by analysts at from a “hold” rating to a “reduce” rating. They now have a $77.00 price target on the stock, down previously from $83.60.
  • 10/30/2017 – Exxon Mobil was given a new $86.00 price target on by analysts at Goldman Sachs Group Inc. They now have a “neutral” rating on the stock.
  • 10/30/2017 – Exxon Mobil was given a new $84.00 price target on by analysts at Wells Fargo & Company. They now have a “neutral” rating on the stock.
  • 10/27/2017 – Exxon Mobil was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 10/26/2017 – Exxon Mobil was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $93.00 price target on the stock. According to Zacks, “ExxonMobil has a leading position in the energy industry owing to the size and diversity of its asset base, both in terms of business mix and geographical footprint. With a stable cash position, the company’s balance sheet is one of the best in the industry. The company has been investing heavily in its extensive refining businesses, which will likely help it counter downturns in upstream businesses owing to volatile commodity prices. We appreciate the approval of the Neuquén Province government for ExxonMobil’s Los Toldos I South block development program. The block has huge natural gas reserves that could help the company to boost up its future production. Also, we are expecting ExxonMobil to report positive earnings surprise for third quarter with nearly 40% year-over-year quarterly earnings growth.”
  • 10/19/2017 – Exxon Mobil was given a new $84.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 10/19/2017 – Exxon Mobil had its “underperform” rating reaffirmed by analysts at Morgan Stanley.
  • 10/18/2017 – Exxon Mobil was given a new $80.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 10/17/2017 – Exxon Mobil was given a new $85.00 price target on by analysts at Morgan Stanley. They now have a “sell” rating on the stock.

Exxon Mobil Corporation (XOM) opened at $82.90 on Friday. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $91.67. The company has a market capitalization of $350,684.06, a price-to-earnings ratio of 23.25, a P/E/G ratio of 1.73 and a beta of 0.83. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 13th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Friday, November 10th. Exxon Mobil’s dividend payout ratio (DPR) is 100.33%.

In other Exxon Mobil news, insider James M. Spellings, Jr. sold 9,379 shares of Exxon Mobil stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total transaction of $781,927.23. Following the completion of the sale, the insider now directly owns 220,000 shares of the company’s stock, valued at approximately $18,341,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Bradley W. Corson sold 19,500 shares of Exxon Mobil stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $83.01, for a total value of $1,618,695.00. Following the sale, the vice president now directly owns 229,774 shares of the company’s stock, valued at $19,073,539.74. The disclosure for this sale can be found here. Insiders have sold a total of 62,013 shares of company stock valued at $5,084,352 over the last ninety days. 0.08% of the stock is owned by company insiders.

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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