Exxon Mobil Corp. (XOM) Stock Rating Upgraded by Vetr Inc.
Exxon Mobil Corp. (NYSE:XOM) was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Monday. The brokerage currently has a $90.07 price objective on the stock. Vetr‘s target price points to a potential upside of 4.85% from the stock’s current price.
Several other brokerages have also commented on XOM. HSBC set a $91.00 price target on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Tuesday, October 11th. Exane BNP Paribas started coverage on Exxon Mobil Corp. in a research note on Monday, October 10th. They set an “underperform” rating and a $80.00 price target for the company. Credit Suisse Group AG set a $74.00 price target on Exxon Mobil Corp. and gave the stock a “sell” rating in a research note on Friday, October 14th. Barclays PLC set a $97.00 price target on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Monday, October 31st. Finally, Raymond James Financial Inc. restated an “underperform” rating on shares of Exxon Mobil Corp. in a research note on Sunday, October 23rd. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have issued a buy rating to the company. Exxon Mobil Corp. currently has a consensus rating of “Hold” and an average price target of $87.69.
Shares of Exxon Mobil Corp. (NYSE:XOM) opened at 85.90 on Monday. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55. The stock’s 50 day moving average price is $86.00 and its 200 day moving average price is $88.34. The firm has a market cap of $356.20 billion, a price-to-earnings ratio of 40.22 and a beta of 0.86.
Exxon Mobil Corp. (NYSE:XOM) last released its earnings results on Friday, October 28th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. The firm earned $58.68 billion during the quarter, compared to analyst estimates of $61.34 billion. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 earnings per share. Equities research analysts predict that Exxon Mobil Corp. will post $2.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Thursday, November 10th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Tuesday, November 8th. Exxon Mobil Corp.’s dividend payout ratio (DPR) is presently 140.19%.
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In other news, VP Neil A. Chapman sold 16,000 shares of Exxon Mobil Corp. stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the transaction, the vice president now directly owns 222,299 shares in the company, valued at approximately $19,340,013. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Thomas J. Herzfeld Advisors Inc. boosted its position in shares of Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock valued at $104,000 after buying an additional 691 shares during the period. Equitec Proprietary Markets LLC bought a new stake in Exxon Mobil Corp. during the third quarter valued at $107,000. Tuttle Tactical Management LLC bought a new stake in Exxon Mobil Corp. during the second quarter valued at $125,000. Horan Securities Inc. bought a new stake in Exxon Mobil Corp. during the third quarter valued at $137,000. Finally, BKS Advisors LLC bought a new stake in Exxon Mobil Corp. during the third quarter valued at $142,000. Institutional investors own 50.06% of the company’s stock.
About Exxon Mobil Corp.
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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