Vetr Downgrades Exxon Mobil (XOM) to Hold

Vetr lowered shares of Exxon Mobil (NYSE:XOM) from a buy rating to a hold rating in a research note published on Tuesday morning. The brokerage currently has $86.54 price objective on the oil and gas company’s stock.

Other equities analysts have also issued reports about the company. Howard Weil raised Exxon Mobil from an outperform rating to a focus list rating in a research note on Friday, December 22nd. Jefferies Group set a $85.00 price target on Exxon Mobil and gave the company a neutral rating in a research note on Wednesday, December 20th. Goldman Sachs Group set a $89.00 price target on Exxon Mobil and gave the company a neutral rating in a research note on Thursday, December 14th. Zacks Investment Research lowered Exxon Mobil from a strong-buy rating to a hold rating in a research note on Thursday, December 14th. Finally, JPMorgan Chase & Co. set a $81.00 price target on Exxon Mobil and gave the company a neutral rating in a research note on Tuesday, December 12th. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Exxon Mobil has an average rating of Hold and an average target price of $86.10.

Exxon Mobil (XOM) opened at $86.75 on Tuesday. Exxon Mobil has a fifty-two week low of $76.05 and a fifty-two week high of $90.30. The stock has a market capitalization of $367,570.00, a P/E ratio of 28.26, a P/E/G ratio of 1.50 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.85 and a quick ratio of 0.54.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Exxon Mobil had a return on equity of 8.21% and a net margin of 5.14%. The business had revenue of $66.17 billion during the quarter, compared to analyst estimates of $63.51 billion. During the same period in the prior year, the company posted $0.63 EPS. analysts anticipate that Exxon Mobil will post 3.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 13th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, November 10th. Exxon Mobil’s dividend payout ratio is presently 100.33%.

In other news, VP Robert N. Schleckser sold 4,877 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $83.37, for a total value of $406,595.49. Following the completion of the sale, the vice president now owns 187,663 shares in the company, valued at $15,645,464.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Bradley W. Corson sold 19,500 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $83.01, for a total value of $1,618,695.00. Following the completion of the sale, the vice president now owns 229,774 shares of the company’s stock, valued at approximately $19,073,539.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,357 shares of company stock valued at $4,273,910. Corporate insiders own 0.08% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Shell Asset Management Co. raised its holdings in shares of Exxon Mobil by 31.9% during the third quarter. Shell Asset Management Co. now owns 1,066,127 shares of the oil and gas company’s stock worth $100,269,000 after acquiring an additional 257,727 shares in the last quarter. Baldwin Brothers Inc. MA raised its holdings in shares of Exxon Mobil by 14.4% during the second quarter. Baldwin Brothers Inc. MA now owns 104,939 shares of the oil and gas company’s stock worth $8,472,000 after acquiring an additional 13,206 shares in the last quarter. Compass Capital Management Inc. raised its holdings in shares of Exxon Mobil by 1.5% during the second quarter. Compass Capital Management Inc. now owns 13,272 shares of the oil and gas company’s stock worth $1,071,000 after acquiring an additional 199 shares in the last quarter. Perkins Coie Trust Co raised its holdings in shares of Exxon Mobil by 47.6% during the second quarter. Perkins Coie Trust Co now owns 9,784 shares of the oil and gas company’s stock worth $790,000 after acquiring an additional 3,154 shares in the last quarter. Finally, Level Four Advisory Services LLC raised its holdings in shares of Exxon Mobil by 46.9% during the first quarter. Level Four Advisory Services LLC now owns 29,908 shares of the oil and gas company’s stock worth $2,465,000 after acquiring an additional 9,546 shares in the last quarter. Institutional investors own 51.05% of the company’s stock.

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About Exxon Mobil

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.

Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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