Exxon Mobil Corporation (XOM) Given Average Rating of “Hold” by Brokerages
Exxon Mobil Corporation (NYSE:XOM) has earned an average rating of “Hold” from the thirty-three analysts that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $84.44.
Several analysts have commented on the stock. Scotiabank set a $86.00 target price on shares of Exxon Mobil Corporation and gave the company a “buy” rating in a research report on Saturday, June 17th. Jefferies Group LLC reiterated a “hold” rating and set a $86.00 target price on shares of Exxon Mobil Corporation in a research report on Wednesday, May 17th. BMO Capital Markets upped their target price on shares of Exxon Mobil Corporation from $76.00 to $80.00 and gave the company a “market perform” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 target price on shares of Exxon Mobil Corporation in a research report on Thursday, June 15th. Finally, Vetr cut shares of Exxon Mobil Corporation from a “strong-buy” rating to a “buy” rating and set a $89.82 target price for the company. in a research report on Tuesday, July 4th.
Exxon Mobil Corporation (NYSE XOM) opened at 79.25 on Tuesday. The company has a 50 day moving average price of $78.39 and a 200-day moving average price of $80.88. The firm has a market capitalization of $335.79 billion, a PE ratio of 28.57 and a beta of 0.82. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.21.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by $0.05. The business had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 EPS. On average, equities analysts predict that Exxon Mobil Corporation will post $3.43 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were paid a dividend of $0.77 per share. The ex-dividend date was Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.89%. Exxon Mobil Corporation’s dividend payout ratio is 111.19%.
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In other news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.08% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Intl Fcstone Inc. boosted its stake in shares of Exxon Mobil Corporation by 183.5% during the 2nd quarter. Intl Fcstone Inc. now owns 46,389 shares of the oil and gas company’s stock worth $3,745,000 after buying an additional 30,024 shares during the last quarter. M Holdings Securities Inc. lifted its stake in Exxon Mobil Corporation by 3.6% in the 2nd quarter. M Holdings Securities Inc. now owns 46,008 shares of the oil and gas company’s stock valued at $3,714,000 after purchasing an additional 1,606 shares during the last quarter. Griffin Asset Management Inc. acquired a new stake in Exxon Mobil Corporation in the 2nd quarter valued at about $17,851,000. Aldebaran Financial Inc. lifted its stake in Exxon Mobil Corporation by 4.9% in the 2nd quarter. Aldebaran Financial Inc. now owns 46,355 shares of the oil and gas company’s stock valued at $3,742,000 after purchasing an additional 2,152 shares during the last quarter. Finally, Farmers National Bank lifted its stake in Exxon Mobil Corporation by 7.5% in the 2nd quarter. Farmers National Bank now owns 88,097 shares of the oil and gas company’s stock valued at $7,112,000 after purchasing an additional 6,115 shares during the last quarter. Institutional investors own 50.82% of the company’s stock.
Exxon Mobil Corporation Company Profile
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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