Exxon Mobil Corp. (XOM) Downgraded to “Hold” at Vetr Inc.
Vetr lowered shares of Exxon Mobil Corp. (NYSE:XOM) from a buy rating to a hold rating in a research report report published on Wednesday. The firm currently has $89.89 price target on the stock.
Other equities research analysts have also issued research reports about the company. reaffirmed a buy rating on shares of Exxon Mobil Corp. in a research note on Tuesday, August 16th. Argus reaffirmed a buy rating and set a $104.00 price target on shares of Exxon Mobil Corp. in a research note on Wednesday, August 17th. HSBC set a $83.50 price target on Exxon Mobil Corp. and gave the stock a neutral rating in a research note on Tuesday, August 2nd. Barclays PLC reaffirmed an equal weight rating and set a $100.00 price target on shares of Exxon Mobil Corp. in a research note on Monday, October 10th. Finally, Credit Suisse Group AG reiterated an underperform rating on shares of Exxon Mobil Corp. in a report on Tuesday, September 6th. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $87.68.
Shares of Exxon Mobil Corp. (NYSE:XOM) opened at 87.30 on Wednesday. Exxon Mobil Corp. has a 12 month low of $71.55 and a 12 month high of $95.55. The company has a market cap of $362.01 billion, a price-to-earnings ratio of 40.87 and a beta of 0.86. The company’s 50 day moving average price is $86.07 and its 200 day moving average price is $88.35.
Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings results on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Exxon Mobil Corp. had a return on equity of 5.04% and a net margin of 3.98%. The firm earned $58.68 billion during the quarter, compared to analyst estimates of $61.34 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue was down 12.9% compared to the same quarter last year. On average, equities analysts expect that Exxon Mobil Corp. will post $2.24 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be given a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $3.00 annualized dividend and a yield of 3.44%. Exxon Mobil Corp.’s dividend payout ratio (DPR) is presently 140.19%.
In other Exxon Mobil Corp. news, VP Robert N. Schleckser sold 5,339 shares of the business’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $86.89, for a total transaction of $463,905.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Neil A. Chapman sold 16,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the sale, the vice president now owns 222,299 shares of the company’s stock, valued at $19,340,013. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. BB&T Corp raised its stake in shares of Exxon Mobil Corp. by 18.4% in the second quarter. BB&T Corp now owns 952,980 shares of the company’s stock worth $89,332,000 after buying an additional 148,235 shares during the last quarter. Concannon Wealth Management LLC increased its position in Exxon Mobil Corp. by 0.5% in the second quarter. Concannon Wealth Management LLC now owns 5,399 shares of the company’s stock valued at $506,000 after buying an additional 27 shares during the period. Edgar Lomax Co. VA increased its position in Exxon Mobil Corp. by 17.5% in the first quarter. Edgar Lomax Co. VA now owns 846,898 shares of the company’s stock valued at $70,792,000 after buying an additional 126,050 shares during the period. Shell Asset Management Co. increased its position in Exxon Mobil Corp. by 14.7% in the second quarter. Shell Asset Management Co. now owns 867,880 shares of the company’s stock valued at $81,355,000 after buying an additional 111,027 shares during the period. Finally, Eagle Global Advisors LLC increased its position in Exxon Mobil Corp. by 5.7% in the second quarter. Eagle Global Advisors LLC now owns 149,569 shares of the company’s stock valued at $14,021,000 after buying an additional 8,014 shares during the period. Institutional investors and hedge funds 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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