Exxon Mobil Corp. (NYSE:XOM) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a report released on Monday. They presently have a $88.14 target price on the stock. Vetr‘s target price points to a potential upside of 1.17% from the company’s current price.
XOM has been the subject of a number of other reports. Jefferies Group restated a “hold” rating on shares of Exxon Mobil Corp. in a research report on Sunday, July 10th. HSBC set a $88.50 price objective on Exxon Mobil Corp. and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. restated a “buy” rating on shares of Exxon Mobil Corp. in a research report on Tuesday, August 16th. Argus restated a “buy” rating and set a $104.00 price objective on shares of Exxon Mobil Corp. in a research report on Wednesday, August 17th. Finally, Barclays PLC restated an “equal weight” rating and set a $102.00 price objective on shares of Exxon Mobil Corp. in a research report on Thursday, July 28th. Eight investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company. Exxon Mobil Corp. has a consensus rating of “Hold” and a consensus price target of $87.62.
Shares of Exxon Mobil Corp. (NYSE:XOM) traded up 0.23% on Monday, reaching $87.12. The company had a trading volume of 5,043,042 shares. The firm has a 50-day moving average price of $86.08 and a 200 day moving average price of $88.38. The firm has a market capitalization of $361.26 billion, a price-to-earnings ratio of 40.79 and a beta of 0.86. Exxon Mobil Corp. has a 1-year low of $71.55 and a 1-year high of $95.55.
Exxon Mobil Corp. (NYSE:XOM) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. Exxon Mobil Corp. had a net margin of 3.98% and a return on equity of 5.04%. The company earned $58.68 billion during the quarter, compared to the consensus estimate of $61.34 billion. During the same period last year, the firm earned $1.01 EPS. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. Equities research analysts predict that Exxon Mobil Corp. will post $2.24 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 10th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $3.00 annualized dividend and a yield of 3.44%. Exxon Mobil Corp.’s dividend payout ratio (DPR) is 140.19%.
In related news, VP Neil A. Chapman sold 16,000 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $87.00, for a total transaction of $1,392,000.00. Following the sale, the vice president now owns 222,299 shares in the company, valued at $19,340,013. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in XOM. Thomas J. Herzfeld Advisors Inc. raised its stake in Exxon Mobil Corp. by 166.5% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,106 shares of the company’s stock valued at $104,000 after buying an additional 691 shares during the period. Equitec Proprietary Markets LLC purchased a new position in Exxon Mobil Corp. during the third quarter valued at approximately $107,000. Tuttle Tactical Management LLC purchased a new position in Exxon Mobil Corp. during the second quarter valued at approximately $125,000. Horan Securities Inc. purchased a new position in Exxon Mobil Corp. during the third quarter valued at approximately $137,000. Finally, NewSquare Capital LLC boosted its position in Exxon Mobil Corp. by 2.1% in the second quarter. NewSquare Capital LLC now owns 1,603 shares of the company’s stock valued at $150,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 50.32% of the company’s stock.
Exxon Mobil Corp. Company Profile
Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.