Exxon Mobil Corporation (NYSE:XOM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Exxon Mobil Corporation (NYSE:XOMGet Free Report) have earned a consensus recommendation of “Hold” from the eighteen brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $146.00.

Several research analysts have recently commented on XOM shares. Barclays lifted their target price on Exxon Mobil from $140.00 to $145.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 3rd. Royal Bank Of Canada raised their price target on Exxon Mobil from $145.00 to $150.00 and gave the company a “sector perform” rating in a report on Monday, February 2nd. Mizuho set a $140.00 price objective on shares of Exxon Mobil in a research report on Wednesday, February 4th. Bank of America upped their price objective on shares of Exxon Mobil from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Finally, Morgan Stanley dropped their price objective on shares of Exxon Mobil from $137.00 to $134.00 and set an “overweight” rating on the stock in a research report on Friday, January 23rd.

Read Our Latest Research Report on XOM

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,150 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total transaction of $339,313.00. Following the completion of the sale, the vice president directly owned 18,204 shares in the company, valued at $2,872,955.28. This trade represents a 10.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 13,380 shares of company stock worth $1,871,484 in the last three months. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On Exxon Mobil

A number of large investors have recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new position in Exxon Mobil in the 4th quarter valued at $26,000. Midwest Capital Advisors LLC bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Exxon Mobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 187 shares during the period. Key Capital Management INC acquired a new position in shares of Exxon Mobil in the fourth quarter valued at about $28,000. Finally, Westfuller Advisors LLC acquired a new position in shares of Exxon Mobil in the third quarter valued at about $30,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil News Summary

Here are the key news stories impacting Exxon Mobil this week:

Exxon Mobil Trading Up 1.8%

Shares of NYSE:XOM opened at $156.29 on Monday. Exxon Mobil has a 52-week low of $97.80 and a 52-week high of $159.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The company has a market capitalization of $651.20 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 1.22 and a beta of 0.35. The company has a 50-day simple moving average of $141.99 and a 200 day simple moving average of $124.76.

Exxon Mobil (NYSE:XOMGet Free Report) last announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $80.04 billion for the quarter, compared to the consensus estimate of $77.98 billion. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The business’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 earnings per share. Sell-side analysts forecast that Exxon Mobil will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, February 12th. Exxon Mobil’s dividend payout ratio is currently 61.58%.

Exxon Mobil Company Profile

(Get Free Report)

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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