Vetr Inc. Lowers Exxon Mobil Corporation (XOM) to Buy
Vetr downgraded shares of Exxon Mobil Corporation (NYSE:XOM) from a strong-buy rating to a buy rating in a research report report published on Thursday morning. The brokerage currently has $90.47 price target on the oil and gas company’s stock.
Several other analysts also recently issued reports on XOM. BNP Paribas set a $75.00 price target on Exxon Mobil and gave the stock a sell rating in a research note on Wednesday, November 15th. Royal Bank Of Canada set a $90.00 price target on Exxon Mobil and gave the stock a neutral rating in a research note on Thursday, August 3rd. Morgan Stanley set a $85.00 price target on Exxon Mobil and gave the stock a sell rating in a research note on Tuesday, October 17th. set a $81.50 price target on Exxon Mobil and gave the stock a neutral rating in a research note on Thursday, August 3rd. Finally, Cowen Inc reiterated a buy rating and set a $100.00 price target on shares of Exxon Mobil in a research note on Tuesday, September 19th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Exxon Mobil has a consensus rating of Hold and a consensus target price of $85.78.
Exxon Mobil (NYSE XOM) opened at $81.42 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54. Exxon Mobil has a 52-week low of $76.05 and a 52-week high of $93.21. The firm 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 (NYSE:XOM) last released its quarterly earnings results 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 during 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 quarter in the prior year, the company posted $0.63 EPS. sell-side analysts anticipate that Exxon Mobil will post 3.64 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 13th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, November 10th. This represents a $3.08 annualized dividend and a yield of 3.78%. Exxon Mobil’s payout ratio is 100.33%.
In related news, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was 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 owns 231,572 shares in the company, valued at approximately $18,470,182.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in XOM. State Street Corp lifted its position in shares of Exxon Mobil by 7.9% in the 1st quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after acquiring an additional 15,740,895 shares during the period. Vanguard Group Inc. lifted its position in shares of Exxon Mobil by 3.5% in the 2nd quarter. Vanguard Group Inc. now owns 309,411,379 shares of the oil and gas company’s stock worth $24,978,780,000 after acquiring an additional 10,366,636 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Exxon Mobil by 136,463.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 7,139,533 shares of the oil and gas company’s stock worth $576,374,000 after acquiring an additional 7,134,305 shares during the period. Stifel Financial Corp raised its holdings in shares of Exxon Mobil by 37,429.2% in the 3rd quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock worth $309,285,000 after buying an additional 3,764,256 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its holdings in shares of Exxon Mobil by 8,029.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 3,741,755 shares of the oil and gas company’s stock worth $46,349,000 after buying an additional 3,695,728 shares in the last quarter. Hedge funds and other institutional investors own 50.76% of the company’s stock.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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