ExxonMobil Corporation (NYSE:XOM) Receives Average Recommendation of “Hold” from Analysts

Shares of ExxonMobil Corporation (NYSE:XOM) have been assigned a consensus recommendation of “Hold” from the twenty-five brokerages that are currently covering the firm, Marketbeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $164.78.

XOM has been the subject of a number of recent analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $182.00 price objective (down from $183.00) on shares of ExxonMobil in a research report on Monday, August 3rd. JPMorgan Chase & Co. boosted their target price on ExxonMobil from $158.00 to $166.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Morgan Stanley increased their price target on ExxonMobil from $168.00 to $177.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $180.00 price target (up from $160.00) on shares of ExxonMobil in a report on Monday, September 21st. Finally, Mizuho decreased their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 9th.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: TD Cowen raised its price target to $180 from $168 and maintained a Buy rating. The firm expects strong third-quarter refining earnings, implying meaningful potential upside from recent levels. What’s Going On With ExxonMobil Stock Tuesday?
• Positive Sentiment: WTI crude above $90 per barrel is supporting ExxonMobil’s upstream outlook. Analysts point to the company’s low-cost Permian Basin production and continued oil and gas discoveries in Guyana as potential drivers of cash flow and growth. Are Current Oil Prices High Enough to Fuel ExxonMobil’s Growth?
• Positive Sentiment: ExxonMobil and Chevron are involved in a potential crude, LNG and LPG supply arrangement for Vietnam, which could strengthen regional commercial opportunities. Chevron, ExxonMobil Agree Potential Crude Supply to Vietnam
• Neutral Sentiment: Former ExxonMobil upstream chief Liam Mallon joined The Metals Company’s board to support its seabed-mining strategy. The appointment highlights his industry experience but has no immediate direct financial impact on ExxonMobil. Exxon veteran Liam Mallon joins TMC board ahead of seabed mining push
• Negative Sentiment: Sector-wide selling is weighing on XOM despite favorable commodity fundamentals. Investors are also debating whether the stock’s multiyear rally and current valuation already reflect much of its future cash-flow potential. Can ExxonMobil Holdings Stay Cheap With Cash Flow Growing?
• Negative Sentiment: Legal and governance headlines remain potential overhangs, including a climate-change case involving ExxonMobil and allegations by former executive Sheffield that Exxon launched a campaign against him. Supreme Court Justice Alito will not participate in climate change case

ExxonMobil Price Performance

NYSE XOM opened at $161.34 on Friday. The firm’s 50 day moving average is $160.16 and its 200-day moving average is $153.77. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $668.73 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 0.99 and a beta of 0.18. ExxonMobil has a 12-month low of $110.39 and a 12-month high of $176.41.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The company had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. During the same quarter in the previous year, the company posted $1.64 EPS. Equities research analysts anticipate that ExxonMobil will post 12.01 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s payout ratio is presently 53.02%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of ExxonMobil in the 4th quarter valued at approximately $7,625,063,000. Bank of New York Mellon Corp increased its holdings in shares of ExxonMobil by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock worth $5,608,488,000 after buying an additional 531,362 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of ExxonMobil by 5.7% during the first quarter. Dimensional Fund Advisors LP now owns 28,364,314 shares of the oil and gas company’s stock worth $4,812,790,000 after buying an additional 1,540,902 shares in the last quarter. Amundi lifted its stake in shares of ExxonMobil by 5.1% in the 1st quarter. Amundi now owns 24,511,156 shares of the oil and gas company’s stock valued at $4,158,563,000 after acquiring an additional 1,192,386 shares during the last quarter. Finally, GQG Partners LLC boosted its holdings in shares of ExxonMobil by 153.3% during the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after acquiring an additional 10,214,420 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

About ExxonMobil

Exxon Mobil Corporation, commonly known as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and sale of crude oil and natural gas. The company also manufactures and markets fuels, lubricants, petrochemicals and specialty products used in transportation, industrial and consumer applications.

ExxonMobil operates across the energy value chain through businesses that include upstream oil and natural gas production, refining and fuels marketing, chemical manufacturing, and lower-carbon solutions.