Vetr upgraded shares of Exxon Mobil Corp. (NYSE:XOM) from a hold rating to a buy rating in a research note published on Monday morning. The brokerage currently has $90.07 price objective on the stock.

Other equities research analysts also recently issued reports about the company. Barclays PLC decreased their target price on Exxon Mobil Corp. to $100.00 in a research report on Monday, August 1st. Argus reissued a buy rating and set a $104.00 target price on shares of Exxon Mobil Corp. in a research report on Wednesday, August 17th. reissued a buy rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 16th. Societe Generale set a $105.00 target price on Exxon Mobil Corp. and gave the stock a buy rating in a research report on Monday, August 15th. Finally, Goldman Sachs Group Inc. set a $98.00 target price on Exxon Mobil Corp. and gave the stock a buy rating in a research report on Monday, August 1st. Eight research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. Exxon Mobil Corp. presently has a consensus rating of Hold and a consensus target price of $87.69.

Exxon Mobil Corp. (NYSE:XOM) opened at 86.47 on Monday. Exxon Mobil Corp. has a one year low of $71.55 and a one year high of $95.55. The company has a market capitalization of $358.56 billion, a price-to-earnings ratio of 40.48 and a beta of 0.86. The company has a 50-day moving average price of $86.07 and a 200-day moving average price of $88.35.

Exxon Mobil Corp. (NYSE:XOM) last released its earnings results on Friday, October 28th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The business had revenue of $58.68 billion for the quarter, compared to the consensus estimate of $61.34 billion. During the same period last year, the business earned $1.01 earnings per share. The firm’s revenue for the quarter was down 12.9% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Corp. will post $2.24 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be given a $0.75 dividend. The ex-dividend date is Tuesday, November 8th. This represents a $3.00 annualized dividend and a yield of 3.44%. Exxon Mobil Corp.’s dividend payout ratio is currently 140.19%.

In related news, VP Neil A. Chapman sold 16,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $87.00, for a total value of $1,392,000.00. Following the sale, the vice president now directly owns 222,299 shares of the company’s stock, valued at approximately $19,340,013. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock valued at $25,715,387,000 after buying an additional 6,897,006 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Exxon Mobil Corp. by 0.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 110,801,185 shares of the company’s stock valued at $9,670,727,000 after buying an additional 759,315 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Exxon Mobil Corp. by 3.5% in the third quarter. BlackRock Fund Advisors now owns 64,355,268 shares of the company’s stock valued at $5,616,928,000 after buying an additional 2,161,601 shares during the period. Northern Trust Corp boosted its stake in shares of Exxon Mobil Corp. by 1.2% in the third quarter. Northern Trust Corp now owns 54,437,635 shares of the company’s stock valued at $4,751,316,000 after buying an additional 649,145 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Exxon Mobil Corp. by 6.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,834,252 shares of the company’s stock valued at $3,476,734,000 after buying an additional 2,530,920 shares during the period. 50.06% of the stock is currently owned by hedge funds and other institutional investors.

About Exxon Mobil Corp.

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, 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 various specialty products.

5 Day Chart for NYSE:XOM

To view Vetr’s full report, visit Vetr’s official website.

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