Barclays Downgrades Exxon Mobil (XOM) to Underweight
Barclays downgraded shares of Exxon Mobil (NYSE:XOM) from an overweight rating to an underweight rating in a research report released on Tuesday, Marketbeat.com reports. Barclays currently has $84.00 target price on the oil and gas company’s stock, down from their prior target price of $91.00.
Several other research firms have also recently issued reports on XOM. Royal Bank of Canada cut their price objective on shares of Exxon Mobil from $90.00 to $85.00 and set a sector perform rating for the company in a research report on Thursday, November 16th. Vetr upgraded shares of Exxon Mobil from a sell rating to a hold rating and set a $87.50 price objective for the company in a research report on Tuesday, January 16th. Jefferies Group set a $90.00 price target on shares of Exxon Mobil and gave the company a neutral rating in a research report on Friday, January 19th. BNP Paribas set a $75.00 price target on shares of Exxon Mobil and gave the company a sell rating in a research report on Wednesday, November 15th. Finally, JPMorgan Chase & Co. set a $83.00 price target on shares of Exxon Mobil and gave the company a neutral rating in a research report on Monday, January 8th. Seven analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $87.42.
Shares of Exxon Mobil (NYSE XOM) opened at $76.07 on Tuesday. Exxon Mobil has a 12-month low of $76.03 and a 12-month high of $89.30. The stock has a market cap of $322,320.00, a PE ratio of 16.43, a P/E/G ratio of 1.06 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Monday, February 12th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Friday, February 9th. Exxon Mobil’s payout ratio is 66.52%.
In related news, VP Robert N. Schleckser sold 4,877 shares of Exxon Mobil stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the transaction, the vice president now owns 187,663 shares in the company, valued at $15,645,464.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert N. Schleckser sold 5,601 shares of Exxon Mobil stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.93, for a total transaction of $470,091.93. Following the completion of the transaction, the vice president now owns 187,663 shares of the company’s stock, valued at approximately $15,750,555.59. The disclosure for this sale can be found here. In the last three months, insiders sold 51,357 shares of company stock valued at $4,273,910. Insiders own 0.08% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. RFG Advisory Group LLC raised its holdings in Exxon Mobil by 87.8% during the fourth quarter. RFG Advisory Group LLC now owns 13,222 shares of the oil and gas company’s stock worth $1,147,000 after purchasing an additional 6,183 shares in the last quarter. Squar Milner Financial Services LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $784,000. First Allied Advisory Services Inc. raised its holdings in Exxon Mobil by 3.9% during the fourth quarter. First Allied Advisory Services Inc. now owns 164,168 shares of the oil and gas company’s stock worth $13,763,000 after purchasing an additional 6,190 shares in the last quarter. Baugh & Associates LLC acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $3,214,000. Finally, Independence Bank of Kentucky acquired a new stake in Exxon Mobil during the fourth quarter worth approximately $2,553,000. Institutional investors own 51.28% of the company’s stock.
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Exxon Mobil 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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