Shares of Exxon Mobil Co. (NYSE:XOM) have been given a consensus recommendation of “Hold” by the twenty-six analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $80.52.

XOM has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 target price on the stock. in a research report on Monday, July 22nd. Credit Suisse Group set a $74.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Royal Bank of Canada reissued a “neutral” rating and issued a $90.00 target price on shares of Exxon Mobil in a research report on Friday, August 2nd. Independent Research set a $74.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, DZ Bank raised shares of Exxon Mobil from a “sell” rating to a “hold” rating and dropped their target price for the stock from $72.00 to $70.00 in a research report on Tuesday, August 6th.

Shares of XOM stock traded up $0.74 during midday trading on Wednesday, reaching $67.44. 7,098,731 shares of the company were exchanged, compared to its average volume of 11,473,650. Exxon Mobil has a 12 month low of $64.65 and a 12 month high of $86.82. The company has a market cap of $291.82 billion, a P/E ratio of 13.68, a PEG ratio of 2.02 and a beta of 0.99. The company’s 50 day moving average price is $70.07 and its two-hundred day moving average price is $74.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.47 and a current ratio of 0.74.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Exxon Mobil had a net margin of 6.30% and a return on equity of 9.16%. The company had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $64.47 billion. During the same period in the previous year, the firm earned $0.92 EPS. Exxon Mobil’s revenue was down 6.0% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil will post 3.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Tuesday, August 13th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date was Monday, August 12th. Exxon Mobil’s payout ratio is presently 70.59%.

In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the sale, the vice president now directly owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.

Several institutional investors have recently modified their holdings of XOM. Nuveen Asset Management LLC lifted its stake in shares of Exxon Mobil by 5,514.1% in the second quarter. Nuveen Asset Management LLC now owns 22,672,032 shares of the oil and gas company’s stock worth $1,737,358,000 after buying an additional 22,268,191 shares during the last quarter. FMR LLC raised its stake in Exxon Mobil by 6.8% during the 1st quarter. FMR LLC now owns 47,767,853 shares of the oil and gas company’s stock valued at $3,859,642,000 after purchasing an additional 3,038,704 shares during the last quarter. Vanguard Group Inc. raised its stake in Exxon Mobil by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 347,643,903 shares of the oil and gas company’s stock valued at $26,639,953,000 after purchasing an additional 2,953,857 shares during the last quarter. Thoroughbred Financial Services LLC raised its stake in Exxon Mobil by 7,471.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,771,803 shares of the oil and gas company’s stock valued at $177,180,000 after purchasing an additional 1,748,402 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Exxon Mobil by 0.4% during the 2nd quarter. BlackRock Inc. now owns 280,882,107 shares of the oil and gas company’s stock valued at $21,523,998,000 after purchasing an additional 1,069,038 shares during the last quarter. Institutional investors and hedge funds own 54.42% of the company’s stock.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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