UBS Group Reiterates $87.00 Price Target for Exxon Mobil (XOM)

Exxon Mobil (NYSE:XOM) has been assigned a $87.00 price target by research analysts at UBS Group in a note issued to investors on Friday, www.analystratings.com reports. The brokerage presently has a “hold” rating on the oil and gas company’s stock. UBS Group’s target price suggests a potential upside of 4.92% from the company’s previous close.

Several other equities research analysts also recently commented on XOM. Goldman Sachs Group reiterated a “neutral” rating and set a $85.00 target price on shares of Exxon Mobil in a research report on Thursday, June 21st. Berenberg Bank began coverage on shares of Exxon Mobil in a research report on Tuesday, September 11th. They set a “hold” rating and a $84.00 target price on the stock. Royal Bank of Canada set a $105.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Monday, July 23rd. Morningstar set a $90.00 target price on shares of Exxon Mobil and gave the stock a “buy” rating in a research report on Wednesday, September 5th. Finally, Wells Fargo & Co reiterated a “neutral” rating and set a $82.00 target price on shares of Exxon Mobil in a research report on Thursday, June 21st. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $87.66.

NYSE:XOM opened at $82.92 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.51 and a current ratio of 0.81. Exxon Mobil has a one year low of $72.15 and a one year high of $89.30. The company has a market cap of $352.26 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 1.39 and a beta of 0.86.

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 consensus estimate of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The business had revenue of $73.50 billion for the quarter, compared to analyst estimates of $71.66 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. analysts expect that Exxon Mobil will post 4.54 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its stake in Exxon Mobil by 37.8% during the 2nd quarter. FMR LLC now owns 33,955,341 shares of the oil and gas company’s stock valued at $2,809,126,000 after purchasing an additional 9,318,782 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Exxon Mobil by 43.0% during the 1st quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock valued at $1,349,366,000 after purchasing an additional 5,440,412 shares in the last quarter. Charles Schwab Investment Advisory Inc. bought a new stake in Exxon Mobil during the 2nd quarter valued at $394,412,000. Standard Life Aberdeen plc increased its stake in Exxon Mobil by 145.3% during the 2nd quarter. Standard Life Aberdeen plc now owns 7,858,127 shares of the oil and gas company’s stock valued at $650,889,000 after purchasing an additional 4,654,288 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Exxon Mobil by 1.7% during the 2nd quarter. BlackRock Inc. now owns 265,206,204 shares of the oil and gas company’s stock valued at $21,940,509,000 after purchasing an additional 4,384,093 shares in the last quarter. Hedge funds and other institutional investors own 52.60% of the company’s stock.

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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