Exxon Mobil Corp. (XOM) Stock Rating Upgraded by Vetr Inc.
Exxon Mobil Corp. (NYSE:XOM) was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $90.07 target price on the stock. Vetr‘s price objective would suggest a potential upside of 4.85% from the company’s previous close.
A number of other equities analysts have also weighed in on XOM. HSBC set a $83.50 target price on shares of Exxon Mobil Corp. and gave the stock a “neutral” rating in a research note on Tuesday, August 2nd. Cowen and Company reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Exxon Mobil Corp. in a report on Monday, October 31st. Jefferies Group reaffirmed a “hold” rating and issued a $85.00 target price on shares of Exxon Mobil Corp. in a report on Monday, August 1st. RBC Capital Markets set a $96.00 target price on shares of Exxon Mobil Corp. and gave the company a “buy” rating in a report on Monday, October 31st. Finally, Credit Suisse Group AG set a $74.00 target price on shares of Exxon Mobil Corp. and gave the company a “sell” rating in a report on Friday, October 14th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $87.69.
Shares of Exxon Mobil Corp. (NYSE:XOM) opened at 85.90 on Monday. The firm has a market capitalization of $356.20 billion, a P/E ratio of 40.22 and a beta of 0.86. The company’s 50-day moving average price is $86.00 and its 200-day moving average price is $88.34. Exxon Mobil Corp. has a 52-week low of $71.55 and a 52-week high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last announced its earnings results on Friday, October 28th. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The firm earned $58.68 billion during the quarter, compared to analyst estimates of $61.34 billion. Exxon Mobil Corp. had a net margin of 3.98% and a return on equity of 5.04%. The company’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 EPS. On average, equities research analysts expect that Exxon Mobil Corp. will post $2.24 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Stockholders of record on Thursday, November 10th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Tuesday, November 8th. Exxon Mobil Corp.’s dividend payout ratio is currently 140.19%.
In other news, VP Neil A. Chapman sold 16,000 shares of Exxon Mobil Corp. stock in a transaction dated 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 completion of the transaction, the vice president now directly owns 222,299 shares in the company, valued at $19,340,013. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. BB&T Corp boosted its position in Exxon Mobil Corp. by 18.4% in the second quarter. BB&T Corp now owns 952,980 shares of the company’s stock valued at $89,332,000 after buying an additional 148,235 shares during the period. Concannon Wealth Management LLC boosted 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 boosted 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. boosted 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 boosted 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. Hedge funds and other institutional investors own 50.06% of the company’s stock.
Exxon Mobil Corp. Company Profile
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.
To view Vetr’s full report, visit Vetr’s official website.
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