Exxon Mobil Corporation (XOM) Rating Increased to Buy at Vetr Inc.
Vetr upgraded shares of Exxon Mobil Corporation (NYSE:XOM) from a hold rating to a buy rating in a research note published on Tuesday. Vetr currently has $79.60 price objective on the oil and gas company’s stock.
Other equities analysts also recently issued reports about the stock. Argus restated a focus list rating and issued a $104.00 target price (up from $91.00) on shares of Exxon Mobil Corporation in a research note on Thursday, May 18th. UBS AG set a $75.00 target price on shares of Exxon Mobil Corporation and gave the stock a sell rating in a research note on Thursday, June 8th. Scotiabank set a $86.00 price target on shares of Exxon Mobil Corporation and gave the stock a buy rating in a research report on Saturday, June 17th. Hilliard Lyons assumed coverage on shares of Exxon Mobil Corporation in a research report on Wednesday, June 7th. They issued a term buy rating and a $90.00 price target for the company. Finally, Wolfe Research cut shares of Exxon Mobil Corporation from a market perform rating to an underperform rating in a research report on Monday, July 17th. Eight investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Exxon Mobil Corporation currently has a consensus rating of Hold and a consensus price target of $84.37.
Shares of Exxon Mobil Corporation (XOM) opened at 76.57 on Tuesday. The stock has a market capitalization of $324.44 billion, a price-to-earnings ratio of 27.60 and a beta of 0.81. The firm has a 50-day moving average of $78.77 and a 200 day moving average of $81.01. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.21.
Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.05. The company had revenue of $62.88 billion during the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. Exxon Mobil Corporation’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. On average, equities research analysts predict that Exxon Mobil Corporation will post $3.42 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be paid a $0.77 dividend. The ex-dividend date is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.02%. Exxon Mobil Corporation’s payout ratio is currently 111.19%.
In other news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $80.23, for a total value of $88,253.00. Following the sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in XOM. CNA Financial Corp raised its stake in Exxon Mobil Corporation by 23.1% in the first quarter. CNA Financial Corp now owns 19,875 shares of the oil and gas company’s stock worth $1,630,000 after buying an additional 3,725 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in Exxon Mobil Corporation during the first quarter worth $754,000. Rosenbaum Jay D. raised its stake in Exxon Mobil Corporation by 10.6% in the first quarter. Rosenbaum Jay D. now owns 17,951 shares of the oil and gas company’s stock worth $1,473,000 after buying an additional 1,725 shares during the last quarter. Pinnacle Advisory Group Inc. raised its stake in Exxon Mobil Corporation by 4.6% in the first quarter. Pinnacle Advisory Group Inc. now owns 20,403 shares of the oil and gas company’s stock worth $1,673,000 after buying an additional 891 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in Exxon Mobil Corporation by 0.4% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 554,787 shares of the oil and gas company’s stock worth $45,498,000 after buying an additional 2,469 shares during the last quarter. Hedge funds and other institutional investors own 50.81% of the company’s stock.
About Exxon Mobil Corporation
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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