Exxon Mobil (XOM) Receives Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Exxon Mobil (NYSE:XOM) in a report released on Monday. JPMorgan Chase & Co. currently has a $87.00 target price on the oil and gas company’s stock.

A number of other equities research analysts also recently commented on the company. Royal Bank of Canada upgraded Exxon Mobil from a sector perform rating to an outperform rating and lifted their target price for the company from $72.16 to $100.00 in a research report on Wednesday, May 30th. They noted that the move was a valuation call. Raymond James upgraded Exxon Mobil from an underperform rating to a market perform rating in a research report on Monday, April 23rd. They noted that the move was a valuation call. BNP Paribas restated a sell rating and issued a $85.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 23rd. HSBC restated a buy rating and issued a $88.00 target price on shares of Exxon Mobil in a research report on Monday, May 14th. Finally, Morningstar set a $85.00 target price on Exxon Mobil and gave the company a buy rating in a research report on Friday, May 18th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Exxon Mobil currently has an average rating of Hold and an average target price of $86.98.

Shares of Exxon Mobil stock opened at $79.91 on Monday. Exxon Mobil has a one year low of $72.15 and a one year high of $89.30. The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 0.11. The company has a market cap of $345.40 billion, a P/E ratio of 22.26, a P/E/G ratio of 1.44 and a beta of 0.90.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, July 27th. The oil and gas company reported $0.92 EPS for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a net margin of 7.64% and a return on equity of 8.45%. The business had revenue of $73.50 billion during the quarter, compared to analysts’ expectations of $71.66 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. Exxon Mobil’s revenue for the quarter was up 26.6% compared to the same quarter last year. research analysts predict that Exxon Mobil will post 4.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Monday, August 13th will be paid a $0.82 dividend. The ex-dividend date of this dividend is Friday, August 10th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 4.10%. Exxon Mobil’s payout ratio is presently 91.36%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Macroview Investment Management LLC acquired a new position in Exxon Mobil during the 1st quarter worth $102,000. Corbyn Investment Management Inc. MD acquired a new position in Exxon Mobil during the 1st quarter worth $110,000. KHP Capital LLC acquired a new position in Exxon Mobil during the 1st quarter worth $111,000. Clearwater Capital Advisors LLC acquired a new position in Exxon Mobil during the 1st quarter worth $122,000. Finally, Trilogy Capital Inc. acquired a new position in Exxon Mobil during the 1st quarter worth $149,000. 51.96% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Company Profile

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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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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