Exxon Mobil Corporation (XOM) – Research Analysts’ Recent Ratings Changes

Exxon Mobil Corporation (NYSE: XOM) has recently received a number of price target changes and ratings updates:

  • 8/9/2017 – Exxon Mobil Corporation was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $79.60 price target on the stock.
  • 8/7/2017 – Exxon Mobil Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “ExxonMobil has a leading position in the energy industry owing to the size and diversity of its asset base, both in terms of business mix and geographical footprint. With a stable cash position, the company’s balance sheet is one of the best in the industry. The company has been investing heavily in its extensive refining businesses, which will likely help it counter expensive offshore drilling operations. In fact, the upside in year-over-year earnings in the second quarter was supported by increased refining margins and refining volumes. However, the company’s second-quarter earnings missed the Zacks Consensus Estimate. Also, tensions between the U.S. and Russia could mar the integrated major’s prospects for exploiting huge Russian oil and gas reserves. On top of that, the one-year pricing chart shows a 9.5% drop in Exxon’s stock price, which compares unfavorably with smaller rival Chevron’s 8.8% increase.”
  • 8/3/2017 – Exxon Mobil Corporation was given a new $81.50 price target on by analysts at HSBC Holdings plc. They now have a “neutral” rating on the stock.
  • 8/3/2017 – Exxon Mobil Corporation was given a new $90.00 price target on by analysts at Royal Bank Of Canada. They now have a “neutral” rating on the stock.
  • 7/28/2017 – Exxon Mobil Corporation was given a new $86.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 7/27/2017 – Exxon Mobil Corporation was given a new $86.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 7/24/2017 – Exxon Mobil Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $89.47 price target on the stock.
  • 7/21/2017 – Exxon Mobil Corporation had its price target lowered by analysts at Citigroup Inc. from $87.00 to $84.00. They now have a “neutral” rating on the stock.
  • 7/20/2017 – Exxon Mobil Corporation was given a new $88.00 price target on by analysts at Royal Bank Of Canada. They now have a “neutral” rating on the stock.
  • 7/17/2017 – Exxon Mobil Corporation was downgraded by analysts at Wolfe Research from a “market perform” rating to an “underperform” rating.
  • 7/14/2017 – Exxon Mobil Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “The upstream activities of Exxon are heavily dependent on offshore resources. However, drilling in those areas is getting increasingly expensive which could dent the company’s cashflow. The company could make more profit if it relies on comparatively cheaper onshore operations like domestic shale resources — where most of the explorers have been gathering over the last few years. Also, Exxon has collaborated with Russia for exploring potential commercial reserves in the country. However, tensions between the U.S. and Russia might lead the Republicans to impose sanctions on Russia. Hence, Exxon’s efforts to generate shareholders’ cashflow by exploiting Russian oil and gas reserves might not pay off. Moreover, Exxon’s dividend yield is one of the lowest among major energy firms. In fact, the current dividend yield of 3.8% is lower than the 4.76% yield of the Zacks categorized Oil & Gas-International Integrated industry.”
  • 7/14/2017 – Exxon Mobil Corporation was given a new $95.00 price target on by analysts at Societe Generale. They now have a “buy” rating on the stock.
  • 7/13/2017 – Exxon Mobil Corporation was given a new $81.00 price target on by analysts at J P Morgan Chase & Co. They now have a “neutral” rating on the stock.
  • 7/11/2017 – Exxon Mobil Corporation was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $94.00 price target on the stock, up previously from $80.16.
  • 7/11/2017 – Exxon Mobil Corporation was given a new $81.00 price target on by analysts at Morgan Stanley. They now have a “sell” rating on the stock.
  • 7/11/2017 – Exxon Mobil Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $88.62 price target on the stock.
  • 7/10/2017 – Exxon Mobil Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $89.82 price target on the stock.
  • 7/6/2017 – Exxon Mobil Corporation was downgraded by analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating. They now have a $95.00 price target on the stock, down previously from $96.00.
  • 7/6/2017 – Exxon Mobil Corporation had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $82.00 price target on the stock, down previously from $90.50.
  • 7/5/2017 – Exxon Mobil Corporation had its “sell” rating reaffirmed by analysts at BNP Paribas. They now have a $70.00 price target on the stock.
  • 7/4/2017 – Exxon Mobil Corporation had its “neutral” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $92.00 price target on the stock.
  • 7/4/2017 – Exxon Mobil Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $89.82 price target on the stock.
  • 6/29/2017 – Exxon Mobil Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $90.68 price target on the stock.
  • 6/26/2017 – Exxon Mobil Corporation was given a new $78.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 6/23/2017 – Exxon Mobil Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $86.00 price target on the stock.
  • 6/21/2017 – Exxon Mobil Corporation had its price target raised by analysts at BMO Capital Markets from $76.00 to $80.00. They now have a “market perform” rating on the stock.
  • 6/17/2017 – Exxon Mobil Corporation was given a new $86.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 6/15/2017 – Exxon Mobil Corporation had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $96.00 price target on the stock.

Shares of Exxon Mobil Corporation (XOM) traded down 0.59% during trading on Thursday, reaching $78.97. The company had a trading volume of 12,580,300 shares. The firm has a 50-day moving average of $80.65 and a 200 day moving average of $81.82. The firm has a market capitalization of $334.60 billion, a price-to-earnings ratio of 28.47 and a beta of 0.81. Exxon Mobil Corporation has a 52 week low of $78.27 and a 52 week high of $93.22.

Exxon Mobil Corporation (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $61.35 billion. During the same period in the previous year, the company earned $0.41 EPS. Exxon Mobil Corporation’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 14th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, August 10th. Exxon Mobil Corporation’s payout ratio is 111.19%.

In other news, Director Steven Reinemund sold 1,100 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $80.23, for a total value of $88,253.00. Following the completion of the sale, the director now owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by corporate insiders.

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.

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