Exxon Mobil Corp. (NYSE:XOM) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Exxon Mobil Corp. (NYSE:XOM) have been given a consensus rating of “Hold” by the twenty-nine analysts that are currently covering the stock. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $88.22.
A number of analysts recently weighed in on XOM shares. Barclays PLC reduced their target price on shares of Exxon Mobil Corp. to $100.00 in a report on Monday, August 1st. Goldman Sachs Group Inc. set a $102.00 target price on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a report on Thursday, July 14th. Zacks Investment Research upgraded shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Tuesday, July 5th. Vetr raised shares of Exxon Mobil Corp. from a “hold” rating to a “buy” rating and set a $93.03 price objective for the company in a research note on Monday, June 27th. Finally, Societe Generale set a $105.00 price objective on shares of Exxon Mobil Corp. and gave the stock a “buy” rating in a research note on Monday, August 15th.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.48% during mid-day trading on Monday, reaching $86.86. The company had a trading volume of 3,514,243 shares. The stock has a market capitalization of $360.18 billion, a P/E ratio of 34.50 and a beta of 0.83. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55. The company’s 50-day moving average is $86.46 and its 200 day moving average is $88.17.
Exxon Mobil Corp. (NYSE:XOM) last issued its earnings results on Friday, July 29th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by $0.23. The business had revenue of $57.69 billion for the quarter, compared to the consensus estimate of $60.23 billion. Exxon Mobil Corp. had a return on equity of 5.94% and a net margin of 4.51%. The company’s quarterly revenue was down 22.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.00 earnings per share. Analysts anticipate that Exxon Mobil Corp. will post $2.29 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Wednesday, August 10th. Exxon Mobil Corp.’s dividend payout ratio is presently 119.05%.
In other Exxon Mobil Corp. news, VP Robert Stuart Franklin sold 13,855 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total value of $1,218,270.15. Following the completion of the sale, the vice president now owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in XOM. Lenox Wealth Advisors Inc. raised its stake in Exxon Mobil Corp. by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 2,708 shares of the company’s stock worth $254,000 after buying an additional 10 shares during the period. Capital Asset Advisory Services LLC raised its stake in Exxon Mobil Corp. by 0.4% in the second quarter. Capital Asset Advisory Services LLC now owns 3,394 shares of the company’s stock worth $318,000 after buying an additional 15 shares during the period. Elefante Mark B raised its stake in Exxon Mobil Corp. by 0.6% in the second quarter. Elefante Mark B now owns 2,727 shares of the company’s stock worth $257,000 after buying an additional 15 shares during the period. Gibraltar Capital Management Inc. raised its stake in Exxon Mobil Corp. by 0.6% in the second quarter. Gibraltar Capital Management Inc. now owns 2,911 shares of the company’s stock worth $273,000 after buying an additional 18 shares during the period. Finally, Round Table Services LLC raised its stake in Exxon Mobil Corp. by 0.4% in the second quarter. Round Table Services LLC now owns 4,674 shares of the company’s stock worth $438,000 after buying an additional 19 shares during the period. 50.42% of the stock is owned by hedge funds and other institutional investors.
Exxon Mobil Corp. Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.
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