Vetr lowered shares of Exxon Mobil Corporation (NYSE:XOM) from a buy rating to a hold rating in a report published on Monday. The firm currently has $79.60 price objective on the oil and gas company’s stock.

Several other brokerages have also recently issued reports on XOM. Zacks Investment Research raised shares of Exxon Mobil Corporation from a sell rating to a hold rating in a research note on Monday, August 7th. BMO Capital Markets set a $78.00 price objective on shares of Exxon Mobil Corporation and gave the company a hold rating in a research note on Monday, June 26th. BNP Paribas reaffirmed a sell rating and set a $70.00 price objective on shares of Exxon Mobil Corporation in a research note on Wednesday, July 5th. Morgan Stanley set a $81.00 price objective on shares of Exxon Mobil Corporation and gave the company a sell rating in a research note on Tuesday, July 11th. Finally, Societe Generale set a $95.00 price objective on shares of Exxon Mobil Corporation and gave the company a buy rating in a research note on Friday, July 14th. Seven research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and an average target price of $84.41.

Shares of Exxon Mobil Corporation (NYSE XOM) opened at 78.78 on Monday. The stock has a market cap of $333.80 billion, a price-to-earnings ratio of 28.40 and a beta of 0.82. Exxon Mobil Corporation has a 52 week low of $76.05 and a 52 week high of $93.21. The firm has a 50-day moving average price of $78.55 and a 200-day moving average price of $80.92.

Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by $0.05. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. The company had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. During the same quarter last year, the company earned $0.41 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.08 dividend on an annualized basis and a yield of 3.91%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 111.19%.

In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now directly owns 43,125 shares in the company, valued at approximately $3,459,918.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.08% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in XOM. Tortoise Investment Management LLC lifted its holdings in Exxon Mobil Corporation by 99.2% during the 4th quarter. Tortoise Investment Management LLC now owns 6,714 shares of the oil and gas company’s stock worth $606,000 after buying an additional 3,344 shares in the last quarter. Pacific Center for Financial Services acquired a new stake in Exxon Mobil Corporation during the 4th quarter worth approximately $340,000. Advantage Investment Management LLC acquired a new stake in Exxon Mobil Corporation during the 4th quarter worth approximately $2,956,000. Comprehensive Portfolio Management LLC acquired a new stake in Exxon Mobil Corporation during the 4th quarter worth approximately $556,000. Finally, Wills Financial Group Inc. lifted its holdings in Exxon Mobil Corporation by 3.0% during the 4th quarter. Wills Financial Group Inc. now owns 78,606 shares of the oil and gas company’s stock worth $7,095,000 after buying an additional 2,306 shares in the last quarter. Institutional investors own 50.82% of the company’s stock.

Exxon Mobil Corporation 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.

Analyst Recommendations for Exxon Mobil Corporation (NYSE:XOM)

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