Exxon Mobil (NYSE:XOM) Stock Rating Upgraded by Credit Suisse Group

Credit Suisse Group upgraded shares of Exxon Mobil (NYSE:XOMGet Rating) from a neutral rating to an outperform rating in a research report sent to investors on Tuesday, Marketbeat.com reports. They currently have $125.00 price target on the oil and gas company’s stock, up from their prior price target of $115.00.

Other equities analysts have also issued reports about the stock. Citigroup upped their price target on shares of Exxon Mobil from $80.00 to $90.00 and gave the stock a neutral rating in a research report on Thursday, May 19th. Argus boosted their target price on shares of Exxon Mobil from $92.00 to $104.00 in a report on Monday, May 9th. MKM Partners boosted their target price on shares of Exxon Mobil from $81.00 to $84.00 and gave the stock a buy rating in a report on Monday, March 7th. Cowen boosted their target price on shares of Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Finally, Morgan Stanley boosted their target price on shares of Exxon Mobil from $103.00 to $107.00 and gave the stock an overweight rating in a report on Monday, June 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of Hold and a consensus target price of $89.24.

Shares of NYSE XOM opened at $85.21 on Tuesday. The firm has a 50 day moving average of $91.48 and a 200 day moving average of $80.80. The company has a current ratio of 1.07, a quick ratio of 0.76 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $358.95 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 0.37 and a beta of 1.05. Exxon Mobil has a 12-month low of $52.10 and a 12-month high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last announced its earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.18). The business had revenue of $90.50 billion for the quarter, compared to the consensus estimate of $83.57 billion. Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The business’s quarterly revenue was up 53.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. Sell-side analysts predict that Exxon Mobil will post 10.26 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Thursday, May 12th. Exxon Mobil’s payout ratio is presently 58.37%.

In related news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the transaction, the vice president now directly owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the transaction, the vice president now directly owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The disclosure for this sale can be found here. 0.04% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Swaine & Leidel Wealth Services LLC purchased a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $38,000. GW&K Investment Management LLC purchased a new position in Exxon Mobil during the 1st quarter worth approximately $32,000. GoalVest Advisory LLC purchased a new position in Exxon Mobil during the 1st quarter worth approximately $38,000. Dravo Bay LLC purchased a new position in Exxon Mobil during the 1st quarter worth approximately $38,000. Finally, Guardian Wealth Management Inc. purchased a new position in Exxon Mobil during the 4th quarter worth approximately $30,000. 54.07% of the stock is owned by hedge funds and other institutional investors.

About Exxon Mobil (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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