Vetr cut shares of Exxon Mobil Corp. (NYSE:XOM) from a buy rating to a hold rating in a report issued on Wednesday morning. The brokerage currently has $89.16 price objective on the stock.
XOM has been the subject of a number of other research reports. HSBC set a $86.00 price objective on Exxon Mobil Corp. and gave the company a neutral rating in a research report on Tuesday, June 28th. Societe Generale set a $105.00 target price on shares of Exxon Mobil Corp. and gave the company a buy rating in a research note on Monday, August 15th. Goldman Sachs Group Inc. set a $98.00 target price on shares of Exxon Mobil Corp. and gave the company a buy rating in a research note on Monday, August 1st. Barclays PLC reissued an equal weight rating and set a $102.00 target price on shares of Exxon Mobil Corp. in a research note on Thursday, July 28th. Finally, Credit Suisse Group AG reissued a sell rating and set a $78.00 target price on shares of Exxon Mobil Corp. in a research note on Thursday, June 2nd. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $87.68.
Exxon Mobil Corp. (NYSE:XOM) opened at 86.90 on Wednesday. The firm has a market cap of $360.34 billion, a price-to-earnings ratio of 34.51 and a beta of 0.78. The stock has a 50 day moving average price of $86.44 and a 200 day moving average price of $88.14. Exxon Mobil Corp. has a 52 week low of $71.55 and a 52 week high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by $0.23. Exxon Mobil Corp. had a net margin of 4.51% and a return on equity of 5.94%. The company had revenue of $57.69 billion for the quarter, compared to analyst estimates of $60.23 billion. During the same quarter last year, the company posted $1.00 EPS. Exxon Mobil Corp.’s revenue was down 22.2% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Corp. will post $2.29 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.45%. The ex-dividend date was Wednesday, August 10th. Exxon Mobil Corp.’s dividend payout ratio (DPR) is presently 119.05%.
In related news, VP Robert Stuart Franklin sold 13,855 shares of the stock in a transaction dated Wednesday, August 24th. The shares were 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 owns 213,256 shares of the company’s stock, valued at $18,751,600.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of XOM. Vanguard Group Inc. raised its stake in Exxon Mobil Corp. by 2.6% in the second quarter. Vanguard Group Inc. now owns 274,326,721 shares of the company’s stock valued at $25,715,387,000 after buying an additional 6,897,006 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Exxon Mobil Corp. during the second quarter worth $441,823,000. Capital World Investors raised its stake in shares of Exxon Mobil Corp. by 41.7% in the second quarter. Capital World Investors now owns 15,221,000 shares of the company’s stock worth $1,426,817,000 after buying an additional 4,480,000 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Exxon Mobil Corp. by 4,948.6% in the second quarter. Acadian Asset Management LLC now owns 3,736,088 shares of the company’s stock worth $350,220,000 after buying an additional 3,662,086 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Exxon Mobil Corp. by 23.2% in the second quarter. Alliancebernstein L.P. now owns 17,123,892 shares of the company’s stock worth $1,605,194,000 after buying an additional 3,229,704 shares in the last quarter. 50.42% of the stock is owned by institutional investors.
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.
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