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


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

A number of research firms recently issued reports on XOM. BNP Paribas raised Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $45.50 target price for the company in a research note on Monday, February 8th. JPMorgan Chase & Co. set a $74.00 price target on shares of Exxon Mobil and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research cut shares of Exxon Mobil from a “strong-buy” rating to a “hold” rating and set a $51.00 price target for the company. in a research note on Monday, January 18th. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $53.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $65.00 price target on shares of Exxon Mobil in a research note on Tuesday, March 16th.

In other news, Director Michael J. Angelakis bought 25,000 shares of the company’s stock in a transaction dated Monday, March 1st. The stock was bought at an average price of $57.16 per share, with a total value of $1,429,000.00. Following the completion of the acquisition, the director now owns 8,000 shares of the company’s stock, valued at $457,280. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.05% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Horan Securities Inc. increased its position in shares of Exxon Mobil by 110.6% in the fourth quarter. Horan Securities Inc. now owns 596 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 313 shares during the period. Clark Financial Advisors bought a new position in shares of Exxon Mobil in the fourth quarter worth $28,000. Mach 1 Financial Group Inc. bought a new position in shares of Exxon Mobil in the fourth quarter worth $29,000. Bellwether Advisors LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth $32,000. Finally, Canton Hathaway LLC increased its position in shares of Exxon Mobil by 500.0% in the first quarter. Canton Hathaway LLC now owns 720 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 600 shares during the period. 50.90% of the stock is owned by institutional investors.

NYSE XOM traded up $0.38 during trading hours on Thursday, reaching $59.20. 1,648,910 shares of the company’s stock were exchanged, compared to its average volume of 29,012,047. The company’s 50-day moving average is $56.85 and its two-hundred day moving average is $47.38. Exxon Mobil has a one year low of $31.11 and a one year high of $62.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.58 and a current ratio of 0.93. The company has a market capitalization of $250.62 billion, a price-to-earnings ratio of 35.01 and a beta of 1.31.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Thursday, May 13th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date is Wednesday, May 12th. 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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