Exxon Mobil Co. (XOM) Receives Consensus Rating of “Hold” from Analysts
Shares of Exxon Mobil Co. (NYSE:XOM) have been given an average recommendation of “Hold” by the twenty-six brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $84.47.
Several research firms have issued reports on XOM. Wells Fargo & Co raised their price target on shares of Exxon Mobil from $76.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 3rd. Zacks Investment Research lowered shares of Exxon Mobil from a “hold” rating to a “strong sell” rating in a research report on Sunday, January 6th. Tudor Pickering assumed coverage on shares of Exxon Mobil in a research report on Monday. They set a “hold” rating and a $82.49 target price on the stock. Mizuho set a $84.00 target price on shares of Exxon Mobil and gave the company a “hold” rating in a research report on Thursday, March 7th. Finally, Morgan Stanley assumed coverage on shares of Exxon Mobil in a research report on Monday, April 1st. They set an “equal weight” rating and a $84.00 target price on the stock.
A number of large investors have recently added to or reduced their stakes in XOM. Capital Financial Planning LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $34,000. Transamerica Financial Advisors Inc. raised its stake in shares of Exxon Mobil by 543.2% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 521 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 440 shares during the last quarter. Massey Quick Simon & CO. LLC raised its stake in shares of Exxon Mobil by 625.3% in the fourth quarter. Massey Quick Simon & CO. LLC now owns 544 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 469 shares during the last quarter. INR Advisory Services LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $43,000. Finally, Litman Gregory Asset Management LLC raised its stake in shares of Exxon Mobil by 701.0% in the fourth quarter. Litman Gregory Asset Management LLC now owns 801 shares of the oil and gas company’s stock worth $55,000 after acquiring an additional 701 shares during the last quarter. Hedge funds and other institutional investors own 54.53% of the company’s stock.
Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, February 1st. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.43. The company had revenue of $71.90 billion for the quarter, compared to analyst estimates of $78.87 billion. Exxon Mobil had a net margin of 7.18% and a return on equity of 10.84%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. Research analysts forecast that Exxon Mobil will post 4.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, February 11th were given a $0.82 dividend. The ex-dividend date of this dividend was Friday, February 8th. This represents a $3.28 dividend on an annualized basis and a yield of 4.00%. Exxon Mobil’s dividend payout ratio (DPR) is presently 66.53%.
Exxon Mobil Company Profile
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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