TheStreet reiterated their buy rating on shares of Exxon Mobil Corp. (NYSE:XOM) in a research report sent to investors on Wednesday morning, ARN reports.
“Exxon Mobil Corporation (XOM) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.,” TheStreet’s analyst commented.
In other Exxon Mobil Corp. news, VP David Rosenthal unloaded 6,774 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $93.12, for a total transaction of $630,794.88. Following the completion of the sale, the vice president now directly owns 134,266 shares of the company’s stock, valued at approximately $12,502,850. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Exxon Mobil Corp. (NYSE:XOM) opened at 94.67 on Wednesday. Exxon Mobil Corp. has a 52-week low of $84.70 and a 52-week high of $96.00. The stock has a 50-day moving average of $91.71 and a 200-day moving average of $90.38. The company has a market cap of $413.6 billion and a P/E ratio of 12.36.
Exxon Mobil Corp. (NYSE:XOM) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.77 by $0.02. The company had revenue of $112.40 billion for the quarter, compared to the consensus estimate of $107.40 billion. During the same quarter last year, the company posted $2.09 earnings per share. Exxon Mobil Corp.’s revenue was down 2.4% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Corp. will post $7.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, November 7th.
A number of other analysts have also recently weighed in on XOM. Analysts at Argus upgraded shares of Exxon Mobil Corp. from a hold rating to a buy rating in a research note to investors on Monday, November 11th. They now have a $104.00 price target on the stock, up previously from $92.73. They noted that the move was a valuation call. Analysts at Raymond James upgraded shares of Exxon Mobil Corp. from an outperform rating to a strong-buy rating in a research note to investors on Friday, October 4th. They now have a $98.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. Exxon Mobil Corp. has an average rating of Hold and a consensus price target of $96.29.
Exxon Mobil Corporation (NYSE:XOM) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products.
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