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 report released on Wednesday morning. Vetr currently has $84.87 target price on the oil and gas company’s stock.
Several other research analysts have also issued reports on the stock. UBS AG upgraded shares of Exxon Mobil Corporation from a sell rating to a neutral rating and increased their price target for the stock from $75.00 to $76.00 in a research note on Wednesday, September 6th. Jefferies Group LLC set a $81.00 price target on shares of Exxon Mobil Corporation and gave the stock a hold rating in a research note on Tuesday, August 29th. Royal Bank Of Canada set a $90.00 price target on shares of Exxon Mobil Corporation and gave the stock a hold rating in a research note on Tuesday, August 29th. Piper Jaffray Companies set a $76.00 price target on shares of Exxon Mobil Corporation and gave the stock a hold rating in a research note on Friday, August 25th. Finally, Independent Research GmbH set a $84.00 price target on shares of Exxon Mobil Corporation and gave the stock a neutral rating in a research note on Monday, August 21st. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $84.65.
Exxon Mobil Corporation (XOM) opened at 80.07 on Wednesday. The firm has a market capitalization of $339.27 billion, a PE ratio of 28.86 and a beta of 0.82. The stock’s 50 day moving average is $78.36 and its 200-day moving average is $80.83. Exxon Mobil Corporation has a one year low of $76.05 and a one year high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.05). The business 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%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, analysts anticipate that Exxon Mobil Corporation will post $3.44 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date was Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is 111.19%.
In other Exxon Mobil Corporation news, Director Steven Reinemund sold 1,100 shares of the firm’s 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 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 hyperlink. 0.08% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Horan Securities Inc. bought a new stake in Exxon Mobil Corporation during the 1st quarter worth approximately $102,000. Riggs Asset Managment Co. Inc. raised its stake in Exxon Mobil Corporation by 27.2% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,366 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 292 shares during the period. CWH Capital Management Inc. bought a new stake in Exxon Mobil Corporation during the 2nd quarter worth approximately $114,000. Watermark Asset Management Inc. bought a new stake in Exxon Mobil Corporation during the 1st quarter worth approximately $136,000. Finally, Acrospire Investment Management LLC raised its stake in Exxon Mobil Corporation by 172.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,737 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 1,100 shares during the period. Institutional investors own 50.82% 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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