Morningstar Reiterates “$90.00” Price Target for Exxon Mobil (XOM)

Exxon Mobil (NYSE:XOM) received a $90.00 price objective from stock analysts at Morningstar in a report issued on Wednesday, September 5th. The firm presently has a “buy” rating on the oil and gas company’s stock. Morningstar’s target price indicates a potential upside of 9.33% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. Societe Generale set a $92.00 price objective on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Royal Bank of Canada upgraded shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $72.16 to $100.00 in a research report on Wednesday, May 30th. They noted that the move was a valuation call. JPMorgan Chase & Co. reissued a “neutral” rating and set a $88.00 target price on shares of Exxon Mobil in a research note on Tuesday, July 10th. Jefferies Financial Group reaffirmed a “neutral” rating and issued a $87.00 price objective on shares of Exxon Mobil in a research note on Wednesday, August 15th. Finally, BNP Paribas reaffirmed a “sell” rating and issued a $85.00 price objective on shares of Exxon Mobil in a research note on Wednesday, May 23rd. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $87.66.

XOM opened at $82.32 on Wednesday. Exxon Mobil has a twelve month low of $72.15 and a twelve month high of $89.30. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11. The company has a market cap of $351.12 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.40 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). The business had revenue of $73.50 billion during the quarter, compared to analyst estimates of $71.66 billion. Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. analysts anticipate that Exxon Mobil will post 4.5 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Alley Co LLC increased its stake in Exxon Mobil by 3.0% in the fourth quarter. Alley Co LLC now owns 62,812 shares of the oil and gas company’s stock valued at $5,254,000 after purchasing an additional 1,802 shares in the last quarter. Koch Industries Inc. grew its position in Exxon Mobil by 343.1% in the first quarter. Koch Industries Inc. now owns 12,496 shares of the oil and gas company’s stock valued at $932,000 after purchasing an additional 9,676 shares in the last quarter. Eaton Vance Management grew its position in Exxon Mobil by 53.6% in the first quarter. Eaton Vance Management now owns 8,984,456 shares of the oil and gas company’s stock valued at $670,382,000 after purchasing an additional 3,136,452 shares in the last quarter. TLP Group LLC grew its position in Exxon Mobil by 2,160.1% in the first quarter. TLP Group LLC now owns 4,249 shares of the oil and gas company’s stock valued at $317,000 after purchasing an additional 4,061 shares in the last quarter. Finally, First Financial Bank Trust Division grew its position in Exxon Mobil by 3.5% in the second quarter. First Financial Bank Trust Division now owns 85,564 shares of the oil and gas company’s stock valued at $7,078,000 after purchasing an additional 2,883 shares in the last quarter. Institutional investors own 52.60% of the company’s stock.

About Exxon Mobil

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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