Citigroup reaffirmed their neutral rating on shares of Exxon Mobil (NYSE:XOM) in a report published on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a $81.00 target price on the oil and gas company’s stock, down from their prior target price of $84.00.
Several other research firms have also issued reports on XOM. Vetr lowered shares of Exxon Mobil from a strong-buy rating to a buy rating and set a $87.14 price target on the stock. in a research report on Tuesday, February 27th. Royal Bank of Canada dropped their price target on shares of Exxon Mobil from $90.00 to $85.00 and set a sector perform rating on the stock in a research report on Thursday, November 16th. Jefferies Group set a $90.00 price target on shares of Exxon Mobil and gave the stock a neutral rating in a research report on Friday, January 19th. BNP Paribas set a $75.00 price target on shares of Exxon Mobil and gave the stock a sell rating in a research report on Wednesday, November 15th. Finally, Barclays reaffirmed a sell rating and set a $84.00 price target on shares of Exxon Mobil in a research report on Tuesday, February 20th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Exxon Mobil currently has a consensus rating of Hold and an average price target of $86.37.
Shares of Exxon Mobil (XOM) opened at $74.56 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13. Exxon Mobil has a 1 year low of $73.56 and a 1 year high of $89.30. The stock has a market cap of $315,950.00, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Monday, February 12th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Friday, February 9th. Exxon Mobil’s dividend payout ratio is 95.36%.
In related news, VP Neil A. Chapman sold 12,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $83.05, for a total transaction of $996,600.00. Following the transaction, the vice president now directly owns 291,385 shares of the company’s stock, valued at $24,199,524.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.08% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama grew its stake in Exxon Mobil by 1.7% during the second quarter. Retirement Systems of Alabama now owns 2,974,701 shares of the oil and gas company’s stock worth $240,148,000 after buying an additional 50,110 shares in the last quarter. First Bank & Trust grew its stake in Exxon Mobil by 1.7% during the second quarter. First Bank & Trust now owns 22,830 shares of the oil and gas company’s stock worth $1,843,000 after buying an additional 374 shares in the last quarter. Palladium Partners LLC grew its stake in Exxon Mobil by 1.6% during the second quarter. Palladium Partners LLC now owns 347,315 shares of the oil and gas company’s stock worth $28,039,000 after buying an additional 5,535 shares in the last quarter. Novare Capital Management LLC grew its stake in Exxon Mobil by 10.1% during the second quarter. Novare Capital Management LLC now owns 51,122 shares of the oil and gas company’s stock worth $4,127,000 after buying an additional 4,670 shares in the last quarter. Finally, Peak Asset Management LLC grew its stake in Exxon Mobil by 5.6% during the second quarter. Peak Asset Management LLC now owns 17,972 shares of the oil and gas company’s stock worth $1,451,000 after buying an additional 950 shares in the last quarter. 52.21% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: This news story was posted by Ticker Report and is the property of of Ticker Report. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.tickerreport.com/banking-finance/3256551/exxon-mobil-xom-receives-neutral-rating-from-citigroup.html.
Exxon Mobil Company Profile
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.
Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.