Somewhat Positive News Coverage Somewhat Unlikely to Affect Exxon Mobil (XOM) Share Price
Media stories about Exxon Mobil (NYSE:XOM) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Exxon Mobil earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.4823123789995 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- New York City to Exxon: Pay up for climate change costs (money.cnn.com)
- Crude Oil Price Dips as Petroleum Inventories Balance (finance.yahoo.com)
- Exxon, BP, Chevron Should Pay for Climate Costs, N.Y. Says (finance.yahoo.com)
- Exxon Mobil: Two Stocks It’s Buying Now (barrons.com)
- State Street Corp Has Upped Its Exxon Mobil Corp (XOM) Position (nismagazine.com)
Exxon Mobil (NYSE:XOM) traded down $0.69 during midday trading on Wednesday, hitting $86.08. The company had a trading volume of 10,822,318 shares, compared to its average volume of 11,031,186. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.54 and a current ratio of 0.85. Exxon Mobil has a 52-week low of $76.05 and a 52-week high of $87.41. The firm has a market cap of $364,730.00, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82.
Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.04. The firm had revenue of $66.17 billion for the quarter, compared to the consensus estimate of $63.51 billion. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. During the same period in the prior year, the firm earned $0.63 EPS. sell-side analysts predict that Exxon Mobil will post 3.66 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Monday, November 13th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Friday, November 10th. Exxon Mobil’s dividend payout ratio is currently 100.33%.
A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. set a $83.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday. Howard Weil raised Exxon Mobil from an “outperform” rating to a “focus list” rating in a research report on Friday, December 22nd. downgraded Exxon Mobil from a “hold” rating to a “reduce” rating and reduced their price target for the stock from $83.60 to $77.00 in a research report on Tuesday, November 7th. Goldman Sachs Group set a $86.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Tuesday, November 7th. Finally, Wells Fargo & Co set a $84.00 price target on Exxon Mobil and gave the stock a “neutral” rating in a research report on Monday, October 30th. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Exxon Mobil has an average rating of “Hold” and an average price target of $86.18.
In other Exxon Mobil news, insider James M. Spellings, Jr. sold 9,379 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $83.37, for a total transaction of $781,927.23. Following the sale, the insider now directly owns 220,000 shares of the company’s stock, valued at approximately $18,341,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $83.01, for a total value of $1,618,695.00. Following the sale, the vice president now directly owns 229,774 shares in the company, valued at $19,073,539.74. The disclosure for this sale can be found here. Insiders have sold a total of 51,357 shares of company stock worth $4,273,910 over the last ninety days. 0.08% of the stock is owned by insiders.
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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