Exxon Mobil Corp. (NYSE:XOM) was downgraded by research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday. They currently have a $89.16 price target on the stock. Vetr‘s price objective points to a potential upside of 3.12% from the stock’s previous close.
A number of other research analysts also recently commented on the company. Credit Agricole SA reiterated a “buy” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 16th. Jefferies Group restated a “hold” rating on shares of Exxon Mobil Corp. in a report on Thursday, September 8th. Collins Stewart restated a “hold” rating and set a $83.50 price target on shares of Exxon Mobil Corp. in a report on Sunday, September 11th. JPMorgan Chase & Co. set a $95.00 price target on Exxon Mobil Corp. and gave the company a “neutral” rating in a report on Monday, July 11th. Finally, Morningstar Inc. restated a “neutral” rating on shares of Exxon Mobil Corp. in a report on Tuesday, August 30th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $87.68.
Exxon Mobil Corp. (NYSE:XOM) opened at 86.46 on Wednesday. The firm’s 50 day moving average is $86.44 and its 200 day moving average is $88.13. Exxon Mobil Corp. has a 1-year low of $71.55 and a 1-year high of $95.55. The stock has a market capitalization of $358.52 billion, a P/E ratio of 34.34 and a beta of 0.78.
Exxon Mobil Corp. (NYSE:XOM) last posted its earnings results on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.23. The firm had revenue of $57.69 billion for the quarter, compared to the consensus estimate of $60.23 billion. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The firm’s revenue was down 22.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 earnings per share. On average, equities research analysts anticipate that Exxon Mobil Corp. will post $2.29 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Wednesday, August 10th. Exxon Mobil Corp.’s payout ratio is 119.05%.
In other news, VP Robert Stuart Franklin sold 13,855 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $87.93, for a total value of $1,218,270.15. Following the completion of the transaction, the vice president now directly owns 213,256 shares in the company, valued at $18,751,600.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. boosted its position in shares of Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock valued at $104,000 after buying an additional 691 shares during the last quarter. Tuttle Tactical Management LLC purchased a new position in shares of Exxon Mobil Corp. during the second quarter valued at about $125,000. NewSquare Capital LLC boosted its position in shares of Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock valued at $150,000 after buying an additional 33 shares during the last quarter. Cantab Capital Partners LLP purchased a new position in shares of Exxon Mobil Corp. during the second quarter valued at about $183,000. Finally, NCM Capital Management Group Inc. boosted its position in shares of Exxon Mobil Corp. by 29.6% in the second quarter. NCM Capital Management Group Inc. now owns 1,970 shares of the company’s stock valued at $185,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 50.42% of the company’s stock.
About Exxon Mobil Corp.
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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