{"id":28437,"date":"2014-08-15T08:53:31","date_gmt":"2014-08-15T12:53:31","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=28437"},"modified":"2014-08-15T08:53:31","modified_gmt":"2014-08-15T12:53:31","slug":"credit-suisse-lifts-its-price-objective-on-exxon-mobile-corporation-nysexom-shares","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/credit-suisse-lifts-its-price-objective-on-exxon-mobile-corporation-nysexom-shares-28437","title":{"rendered":"Credit Suisse Lifts Its Price Objective On Exxon Mobile Corporation (NYSE:XOM) Shares"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/15\/2014 (wallstreetpr) \u2013 At least two <a href=\"http:\/\/www.wkrb13.com\/markets\/355875\/exxon-mobil-stock-rating-reaffirmed-by-credit-suisse-xom\/\" target=\"_blank\">brokerages<\/a> have reiterated their rating on the shares of oil and gas exploration company, <strong>Exxon Mobile Corporation (NYSE:XOM)<\/strong> on Thursday. However, they have different views on the price target. While Credit Suisse has boosted its Price target, Argus had slashed its price objective on the company\u2019s stock.<\/p>\n<p style=\"text-align: justify;\"><strong>Price Tag <\/strong><\/p>\n<p style=\"text-align: justify;\">Investment advisor Credit Suisse had lifted its price target to $95 a share from $90 representing an increase of 5.6% from the previous price tag. However, compared to the Friday\u2019s closing price of $99.09 during the normal trading session, the revised price target suggests downside risk of 4.1%.<\/p>\n<p style=\"text-align: justify;\">On the other hand, Argus had cut its price tag on Exxon Mobile Corporation (NYSE:XOM) shares to $99.09 from $114.00, which meant that the brokerage had reduced its price objective by 13.1%. Compared to the current market price, there was no downside pressure.<\/p>\n<p style=\"text-align: justify;\"><strong>Rating of Stock<\/strong><\/p>\n<p style=\"text-align: justify;\">However, both the brokerages were unanimous in reiterating their respective rating on the shares of Exxon Mobile Corporation (NYSE:XOM). For instance, Credit Suisse had reiterated its rating of Neutral on the company\u2019s stock while Argus had maintained its rating of Buy on the company\u2019s stock.<\/p>\n<p style=\"text-align: justify;\">While nine analysts\u2019 have preferred a Buy rating, seven analysts\u2019 have kept the rating of Hold and four others believe the stock to be a fit one for sale. The consensus among the analysts\u2019 is for Hold rating with a price objective of $102.09.<\/p>\n<p style=\"text-align: justify;\"><strong>Dividend<\/strong><\/p>\n<p style=\"text-align: justify;\">The record date of August 13 was over for determining the purpose of eligible shareholders to get quarterly cash dividend of 69 <a href=\"http:\/\/www.dividendinvestor.com\/?chk=f58721408089778&amp;symbol=xom&amp;submit=GO\" target=\"_blank\">cents<\/a> a share, which was the same in the preceding quarter. Exxon Mobile Corporation (NYSE:XOM), which has been paying dividend for more than a decade now, had lifted its dividend for 31 straight years. The dividend would be paid on September 10.<\/p>\n<p style=\"text-align: justify;\">The latest dividend provides yield of 2.8%, and the ten-year dividend yield was projected at 7.44%. While dividend payout ratio was 34%, it was 29% for the five-year period of average. The dividend growth rate for the 3-year and 5-year periods work out to 13.2% and 10.1% respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/15\/2014 (wallstreetpr) \u2013 At least two brokerages have reiterated their rating on the shares of oil and gas exploration company, Exxon Mobile Corporation [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":19216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[7957,7956,696],"stock_ticker":[],"class_list":["post-28437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-exxon-mobile-corporation","tag-exxon-mobile-corporation-nysexom","tag-nysexom","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Credit Suisse Lifts Its Price Objective On Exxon Mobile Corporation (NYSE:XOM) Shares - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, 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