BNP Paribas Analysts Give Exxon Mobil (XOM) a $80.00 Price Target

BNP Paribas set a $80.00 price target on Exxon Mobil (NYSE:XOM) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has a sell rating on the oil and gas company’s stock.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada reaffirmed a buy rating and issued a $105.00 price target on shares of Exxon Mobil in a report on Wednesday, August 8th. Societe Generale set a $92.00 price target on shares of Exxon Mobil and gave the stock a buy rating in a report on Monday, August 6th. Morningstar set a $90.00 price target on shares of Exxon Mobil and gave the stock a buy rating in a report on Wednesday, September 5th. HSBC reaffirmed a buy rating and issued a $96.00 price target on shares of Exxon Mobil in a report on Wednesday, September 12th. Finally, Zacks Investment Research raised shares of Exxon Mobil from a hold rating to a buy rating and set a $96.00 price target for the company in a report on Monday, October 1st. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $87.00.

NYSE:XOM opened at $77.56 on Tuesday. Exxon Mobil has a 52 week low of $72.15 and a 52 week high of $89.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.83 and a quick ratio of 0.54. The company has a market cap of $326.16 billion, a P/E ratio of 21.60, a PEG ratio of 2.19 and a beta of 0.86.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, November 2nd. The oil and gas company reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.25. The business had revenue of $76.61 billion during the quarter, compared to analysts’ expectations of $72.91 billion. Exxon Mobil had a net margin of 8.15% and a return on equity of 9.53%. The business’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the company posted $0.93 earnings per share. As a group, equities analysts anticipate that Exxon Mobil will post 4.7 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Tuesday, November 13th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, November 9th. This represents a $3.28 annualized dividend and a yield of 4.23%. Exxon Mobil’s dividend payout ratio is presently 91.36%.

In related news, VP Bradley W. Corson sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the sale, the vice president now owns 214,774 shares in the company, valued at $18,045,311.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.08% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Kwmg LLC purchased a new position in Exxon Mobil during the second quarter valued at $102,000. CSat Investment Advisory L.P. purchased a new position in Exxon Mobil during the second quarter valued at $108,000. WESPAC Advisors SoCal LLC purchased a new position in Exxon Mobil during the third quarter valued at $110,000. Clearwater Capital Advisors LLC purchased a new position in Exxon Mobil during the first quarter valued at $122,000. Finally, Trilogy Capital Inc. purchased a new position in Exxon Mobil during the first quarter valued at $149,000. Institutional investors own 52.39% 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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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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