UBS Maintains Exxon Mobil Corporation to Neutral with Price Target $86.00

Brokerage firm UBS Maintains its rating on Exxon Mobil Corporation(NYSE:XOM). In a research note issued to the investors, the brokerage major Lowers the price-target to $86.00 per share. The shares have been rated Neutral. The rating by UBS was issued on Aug 1, 2016.

In a different note, On Jun 2, 2016, Bank of America said it Downgrades its rating on Exxon Mobil Corporation. The shares have been rated ‘Neutral’ by the firm. On May 18, 2016, Argus Research said it Upgrades its rating on Exxon Mobil Corporation. The shares have been rated ‘Buy’ by the firm.

Exxon Mobil Corporation (XOM) made into the market gainers list on Mondays trading session with the shares advancing 1.18% or 1.03 points. Due to strong positive momentum, the stock ended at $88.59, which is also near the day’s high of $88.89. The stock began the session at $88.05 and the volume stood at 1,04,92,709 shares. The 52-week high of the shares is $95.55 and the 52 week low is $66.55. The company has a current market capitalization of $367,352 M and it has 4,14,66,50,100 shares in outstanding.

Exxon Mobil Corporation has also declared a cash dividend of $0.7500 on Jul 27, 2016. The shares will quote ex-dividend on Aug 10, 2016 and the record date has been fixed on Aug 12, 2016. The dividend payable date has been fixed on Sep 9, 2016.

Exxon Mobil Corporation(XOM) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $57.69B. Analysts had an estimated revenue of $60.33B. Earnings per share were $0.41. Analysts had estimated an EPS of $0.65.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Bradley W Corson (Vice President) sold 6,000 shares at $90.81 per share price.Also, On Jun 7, 2016, Neil A Chapman (Vice President) sold 12,000 shares at $89.00 per share price.On Feb 18, 2016, Dennis G Wascom (Vice President) sold 5,326 shares at $81.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas. The Company is involved in the manufacturing of petroleum products and transportation and sale of crude oil natural gas and petroleum products. The Company also manufactures and markets petrochemicals including olefins aromatics polyethylene and polypropylene plastics and a variety of specialty products. The Company’s projects include the Kearl project Heidelberg project the Point Thomson project the Hadrian South project the Lucius project the Chirag Oil project the Tapis Enhanced Oil Recovery project the Damar project and the Barzan project among others. The Company is conducting its operations and projects in the United States Asia Africa Canada/South America Europe and Australia/Oceania.

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