Exxon Mobil Corporation (XOM) Receives Consensus Rating of “Hold” from Brokerages
Exxon Mobil Corporation (NYSE:XOM) has been given a consensus rating of “Hold” by the thirty-two research firms that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $85.85.
Several equities analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Exxon Mobil in a report on Friday. Vetr lowered Exxon Mobil from a “strong-buy” rating to a “buy” rating and set a $90.47 price objective on the stock. in a report on Thursday. BNP Paribas set a $75.00 price target on Exxon Mobil and gave the stock a “sell” rating in a report on Wednesday, November 15th. Goldman Sachs Group Inc set a $86.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Finally, lowered Exxon Mobil from a “hold” rating to a “reduce” rating and lowered their price target for the stock from $83.60 to $77.00 in a report on Tuesday, November 7th.
In other news, VP Robert Stuart Franklin sold 22,656 shares of Exxon Mobil stock in a transaction that occurred on 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 completion of the sale, the vice president now directly owns 231,572 shares in the company, valued at approximately $18,470,182.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Riggs Asset Managment Co. Inc. grew its stake in shares of Exxon Mobil by 27.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 292 shares during the period. CWH Capital Management Inc. purchased a new stake in shares of Exxon Mobil during the 2nd quarter valued at $114,000. Horan Securities Inc. grew its stake in shares of Exxon Mobil by 20.8% during the 2nd quarter. Horan Securities Inc. now owns 1,511 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 260 shares during the period. Litman Gregory Asset Management LLC purchased a new stake in shares of Exxon Mobil during the 3rd quarter valued at $131,000. Finally, Watermark Asset Management Inc. purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at $136,000. Hedge funds and other institutional investors own 50.76% of the company’s stock.
Exxon Mobil (NYSE XOM) opened at $81.42 on Friday. The stock has a market capitalization of $346,350.00, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.70 and a beta of 0.83. Exxon Mobil has a twelve month low of $76.05 and a twelve month high of $93.21. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.13.
Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. The company had revenue of $66.17 billion for the quarter, compared to analyst estimates of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same quarter last year, the company posted $0.63 earnings per share. sell-side analysts forecast that Exxon Mobil will post 3.64 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 13th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.78%. Exxon Mobil’s payout ratio is 100.33%.
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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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