Vetr lowered shares of Exxon Mobil Corporation (NYSE:XOM) from a buy rating to a hold rating in a report released on Thursday morning. They currently have $85.17 target price on the oil and gas company’s stock.

Other research analysts also recently issued research reports about the company. BNP Paribas set a $70.00 target price on Exxon Mobil Corporation and gave the stock a sell rating in a research note on Monday, September 25th. Cowen and Company restated a buy rating and issued a $100.00 price target on shares of Exxon Mobil Corporation in a research note on Tuesday, September 19th. Societe Generale set a $95.00 price target on shares of Exxon Mobil Corporation and gave the company a buy rating in a research note on Monday, September 18th. UBS AG raised shares of Exxon Mobil Corporation from a sell rating to a neutral rating and lifted their price target for the company from $75.00 to $76.00 in a report on Wednesday, September 6th. Finally, Jefferies Group LLC set a $81.00 price target on shares of Exxon Mobil Corporation and gave the company a hold rating in a report on Tuesday, August 29th. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Exxon Mobil Corporation presently has a consensus rating of Hold and an average target price of $84.67.

Exxon Mobil Corporation (XOM) opened at 81.98 on Thursday. The firm has a market cap of $347.36 billion, a price-to-earnings ratio of 29.55 and a beta of 0.82. The firm has a 50-day moving average price of $78.37 and a 200-day moving average price of $80.77. Exxon Mobil Corporation has a 1-year low of $76.05 and a 1-year high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.05). The firm had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The business’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. On average, analysts expect that Exxon Mobil Corporation will post $3.42 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 14th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is 111.19%.

In other news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the transaction, the vice president now owns 231,572 shares of the company’s stock, valued at approximately $18,470,182.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven Reinemund sold 1,100 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the transaction, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

A number of institutional investors have recently modified their holdings of XOM. State Street Corp grew its stake in Exxon Mobil Corporation by 7.9% in the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock valued at $17,695,085,000 after acquiring an additional 15,740,895 shares during the period. Vanguard Group Inc. increased its holdings in shares of Exxon Mobil Corporation by 3.5% during the second quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock valued at $24,978,780,000 after acquiring an additional 10,366,636 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Exxon Mobil Corporation by 136,463.4% during the second quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock valued at $576,374,000 after acquiring an additional 7,134,305 shares in the last quarter. Harbour Capital Advisors LLC raised its position in shares of Exxon Mobil Corporation by 8,029.5% during the second quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after purchasing an additional 3,695,728 shares during the period. Finally, APG Asset Management N.V. raised its position in shares of Exxon Mobil Corporation by 22.7% during the second quarter. APG Asset Management N.V. now owns 11,272,171 shares of the oil and gas company’s stock worth $910,002,000 after purchasing an additional 2,088,263 shares during the period. 50.74% of the stock is owned by institutional investors and hedge funds.

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.

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

Analyst Recommendations for Exxon Mobil Corporation (NYSE:XOM)

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