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


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Exxon Mobil Co. (NYSE:XOM) has earned an average recommendation of “Hold” from the twenty-nine research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $55.81.

A number of research analysts have recently commented on XOM shares. JPMorgan Chase & Co. set a $74.00 target price on Exxon Mobil and gave the company a “buy” rating in a research note on Friday. Raymond James raised Exxon Mobil from an “underperform” rating to a “market perform” rating in a research note on Tuesday, April 20th. Jefferies Financial Group reissued a “neutral” rating and issued a $55.00 price objective on shares of Exxon Mobil in a research note on Friday. Credit Suisse Group increased their price objective on Exxon Mobil from $66.00 to $69.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 price objective 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 business’s stock in a transaction that occurred on Monday, March 1st. The shares were purchased at an average cost of $57.16 per share, with a total value of $1,429,000.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at $457,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.05% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Roosevelt Investment Group LLC grew its position in Exxon Mobil by 1.6% during the 1st quarter. Roosevelt Investment Group LLC now owns 10,921 shares of the oil and gas company’s stock worth $610,000 after purchasing an additional 170 shares during the period. Dumont & Blake Investment Advisors LLC grew its position in shares of Exxon Mobil by 0.5% during the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 34,276 shares of the oil and gas company’s stock valued at $1,914,000 after acquiring an additional 171 shares during the period. Zeke Capital Advisors LLC grew its position in shares of Exxon Mobil by 1.8% during the 1st quarter. Zeke Capital Advisors LLC now owns 10,326 shares of the oil and gas company’s stock valued at $577,000 after acquiring an additional 179 shares during the period. Summit Financial Wealth Advisors LLC grew its position in shares of Exxon Mobil by 1.8% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 10,523 shares of the oil and gas company’s stock valued at $434,000 after acquiring an additional 185 shares during the period. Finally, Heritage Wealth Advisors lifted its stake in Exxon Mobil by 0.6% in the 1st quarter. Heritage Wealth Advisors now owns 33,582 shares of the oil and gas company’s stock valued at $1,875,000 after buying an additional 186 shares in the last quarter. 50.90% of the stock is currently owned by institutional investors.

Shares of XOM traded up $0.38 during mid-day trading on Thursday, reaching $59.20. 1,648,910 shares of the company’s stock traded hands, compared to its average volume of 29,012,047. The stock has a market cap of $250.62 billion, a P/E ratio of 35.01 and a beta of 1.31. The stock’s 50-day moving average is $56.85 and its two-hundred day moving average is $47.38. Exxon Mobil has a 12 month low of $31.11 and a 12 month high of $62.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.93 and a quick ratio of 0.58.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Thursday, May 13th will be given a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 5.88%. The ex-dividend date is Wednesday, May 12th. Exxon Mobil’s payout ratio is 154.67%.

Exxon Mobil Company Profile

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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