Exxon Mobil Co. (NYSE:XOM) Given Average Recommendation of “Hold” by Brokerages


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Shares of Exxon Mobil Co. (NYSE:XOM) have been assigned a consensus rating of “Hold” from the twenty-nine brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $55.81.

A number of equities research analysts recently commented on XOM shares. Barclays boosted their target price on Exxon Mobil from $50.00 to $65.00 in a research report on Friday, February 26th. Raymond James raised Exxon Mobil from an “underperform” rating to a “market perform” rating in a research note on Tuesday, April 20th. UBS Group reissued a “neutral” rating and set a $62.00 price objective (up from $48.00) on shares of Exxon Mobil in a research note on Monday, March 15th. JPMorgan Chase & Co. set a $74.00 price objective on Exxon Mobil and gave the stock a “buy” rating in a research note on Friday. Finally, Jefferies Financial Group reissued a “neutral” rating and set a $55.00 price objective on shares of Exxon Mobil in a research note on Friday.

In related news, Director Michael J. Angelakis bought 25,000 shares of the stock in a transaction on Monday, March 1st. The stock was bought at an average price of $57.16 per share, for a total transaction of $1,429,000.00. Following the completion of the acquisition, the director now directly owns 8,000 shares in the company, valued at $457,280. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Clark Financial Advisors purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at $28,000. Horan Securities Inc. increased its position in shares of Exxon Mobil by 110.6% in the 4th quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 313 shares during the period. Mach 1 Financial Group Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $29,000. Canton Hathaway LLC increased its position in shares of Exxon Mobil by 500.0% in the 1st quarter. Canton Hathaway LLC now owns 720 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 600 shares during the period. Finally, Bellwether Advisors LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 50.90% of the company’s stock.

Shares of NYSE:XOM traded up $0.38 during mid-day trading on Thursday, reaching $59.20. The stock had a trading volume of 1,648,910 shares, compared to its average volume of 29,012,047. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.25. The company has a market cap of $250.62 billion, a P/E ratio of 35.01 and a beta of 1.31. Exxon Mobil has a 1 year low of $31.11 and a 1 year high of $62.55. The business’s 50 day moving average price is $56.85 and its 200 day moving average price is $47.38.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Thursday, April 29th. The oil and gas company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.06. The company had revenue of $59.15 billion for the quarter, compared to the consensus estimate of $55.36 billion. Exxon Mobil had a return on equity of 2.09% and a net margin of 3.24%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.14) earnings per share. Analysts predict that Exxon Mobil will post -0.52 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 13th will be issued a dividend of $0.87 per share. The ex-dividend date is Wednesday, May 12th. This represents a $3.48 dividend on an annualized basis and a yield of 5.88%. Exxon Mobil’s dividend payout ratio is currently 154.67%.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Analyst Recommendations for Exxon Mobil (NYSE:XOM)

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