Exxon Mobil Corp. (NYSE:XOM)‘s stock had its “buy” rating reiterated by research analysts at TheStreet in a report released on Tuesday, ARN reports.
The analysts wrote, “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 low profit margins.”
XOM has been the subject of a number of other recent research reports. 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. 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. Separately, 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Exxon Mobil Corp. in a research note to investors on Tuesday, August 27th. They now have a $91.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $96.40.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded down 0.08% on Tuesday, hitting $92.89. The stock had a trading volume of 830,703 shares. Exxon Mobil Corp. has a 52 week low of $84.70 and a 52 week high of $95.49. The stock has a 50-day moving average of $88.1 and a 200-day moving average of $89.89. The company has a market cap of $405.8 billion and a price-to-earnings ratio of 12.14.
Exxon Mobil Corp. (NYSE:XOM) last released its earnings data on Thursday, October 31st. The company reported $1.79 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that Exxon Mobil Corp. will post $7.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 10th. Stockholders 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 2.71%. The ex-dividend date of this dividend is Thursday, November 7th.
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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