ExxonMobil Corporation (NYSE:XOM) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of ExxonMobil Corporation (NYSE:XOM) have been given a consensus recommendation of “Hold” by the twenty-seven brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $170.79.

Several research firms have issued reports on XOM. Sanford C. Bernstein dropped their target price on ExxonMobil from $193.00 to $186.00 and set an “outperform” rating on the stock in a research report on Thursday. Argus lifted their price target on ExxonMobil from $169.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. BNP Paribas Exane reduced their price target on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, July 17th. HSBC reissued a “hold” rating and set a $90.00 price objective on shares of ExxonMobil in a report on Friday, September 25th. Finally, Wall Street Zen upgraded ExxonMobil from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th.

Hedge Funds Weigh In On ExxonMobil

A number of large investors have recently modified their holdings of the company. CPA Asset Management Group LLC increased its position in ExxonMobil by 1.8% during the third quarter. CPA Asset Management Group LLC now owns 3,450 shares of the oil and gas company’s stock valued at $561,000 after acquiring an additional 60 shares during the last quarter. Prasad Wealth Partners LLC lifted its holdings in ExxonMobil by 1.4% in the third quarter. Prasad Wealth Partners LLC now owns 4,484 shares of the oil and gas company’s stock valued at $730,000 after acquiring an additional 61 shares during the period. DecisionMap Wealth Management LLC boosted its position in ExxonMobil by 2.2% in the third quarter. DecisionMap Wealth Management LLC now owns 2,915 shares of the oil and gas company’s stock worth $474,000 after purchasing an additional 62 shares during the last quarter. DSG Capital Advisors LLC boosted its position in ExxonMobil by 0.4% in the third quarter. DSG Capital Advisors LLC now owns 16,046 shares of the oil and gas company’s stock worth $2,611,000 after purchasing an additional 62 shares during the last quarter. Finally, WP Advisors LLC boosted its position in ExxonMobil by 3.0% in the third quarter. WP Advisors LLC now owns 2,167 shares of the oil and gas company’s stock worth $353,000 after purchasing an additional 63 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

ExxonMobil Stock Performance

NYSE XOM opened at $170.56 on Friday. The firm has a market cap of $695.77 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 0.84 and a beta of 0.16. The company has a quick ratio of 0.92, a current ratio of 1.19 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $169.38 and its 200-day moving average is $156.22. ExxonMobil has a 12-month low of $114.19 and a 12-month high of $188.50.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, October 30th. The oil and gas company reported $4.23 EPS for the quarter, topping the consensus estimate of $4.12 by $0.11. ExxonMobil had a net margin of 10.24% and a return on equity of 16.63%. The company had revenue of $110.50 billion during the quarter, compared to the consensus estimate of $104.89 billion. During the same period last year, the firm earned $1.88 EPS. Sell-side analysts predict that ExxonMobil will post 13.34 earnings per share for the current year.

ExxonMobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Monday, November 16th will be given a dividend of $1.07 per share. This is a boost from ExxonMobil’s previous quarterly dividend of $1.03. This represents a $4.28 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, November 16th. ExxonMobil’s dividend payout ratio (DPR) is currently 43.99%.

Trending Headlines about ExxonMobil

Here are a few of the latest headlines about XOM:

• Positive Sentiment: Barclays raised its price target to $206 from $200 and maintained an Overweight rating, signaling continued analyst optimism. Article: What’s Going On With ExxonMobil Stock Friday?
• Positive Sentiment: Shareholder returns remain robust: ExxonMobil raised its quarterly dividend 3.9% to $1.07 per share, its 44th consecutive annual increase, and plans $20 billion in buybacks in 2027. The company generated more than $39 billion in free cash flow through September. Article: ExxonMobil dividend and buyback plans
• Negative Sentiment: Bernstein lowered its price target to $186 from $193 and warned that oil stocks may struggle to appreciate, while keeping an Outperform rating. Article: Analyst trims oil-stock price targets

ExxonMobil Company Profile

ExxonMobil is an integrated energy and chemical company with operations spanning the oil and natural gas value chain. Its businesses explore for and produce crude oil and natural gas, refine and market fuels, and manufacture chemicals and other specialty products. The company’s products include gasoline, diesel, jet fuel, lubricants, petrochemical feedstocks and materials used in a wide range of consumer and industrial applications. ExxonMobil also pursues lower-emission solutions, including carbon capture and storage, hydrogen and lower-emission fuels.